# Australian dollar heading to 60 US cents this year, warns economist - ABC News

> Capital Economics forecasts the Australian dollar will fall 16% to 60 US cents this year and stay there through 2020. The forecast cites the lower currency sustaining Australia's tourism and education booms.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61372-australian-dollar-heading-to-60-us-cents-this-year-warns-economist-abc-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie dollar makes Australian grain and barley exports more competitive on world markets, which can pressure global feed prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2019-01-24/australian-dollar-heading-to-60-us-cents-economist/10745380

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