# Aussie's Crazy Day Shows Why It's Most Volatile Major Currency - Bloomberg

> The Australian dollar swung about 1.7 percent in one day, rising on a jobs beat and then falling on Westpac's view that the RBA may cut rates twice. It later dropped more than 1 percent after Reuters reported a Chinese port customs had indefinitely banned Australian coal shipments.

- Date: 2019-02-21 · published 2019-02-21T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60845-aussie-s-crazy-day-shows-why-it-s-most-volatile-major-currency-bloomberg
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency volatility tied to China trade frictions signals risk to Australian export earnings, with the coal ban highlighting that Chinese trade measures can target Australian commodities quickly.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-02-21/most-volatile-major-currency-lives-up-to-it-in-just-one-morning

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.