# Morgan Stanley on the current drivers of AUD/USD

> Morgan Stanley analysis finds AUD/USD is driven mostly by China-related factors, with rate differentials gaining importance. The bank suggests shorting the Aussie through crosses less correlated with China risk to position for Australian weakness.

- Date: 2019-02-24 · published 2019-02-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60846-morgan-stanley-on-the-current-drivers-of-aud-usd
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The finding that China exposure dominates Aussie moves links Australian export demand and commodity prices to currency direction, a useful signal for pricing Australian feed grain and meal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- investinglive.com: https://investinglive.com/news/!/morgan-stanley-on-the-current-drivers-of-audusd-20190224

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