# Aussie rebounds from decade lows versus greenback

> The Australian dollar edged higher in Asian trade, trading around 0.7132 against the US dollar after rebounding from decade lows. The move followed a manufacturing gauge that fell to 49.5 from 51.3 in November.

- Date: 2019-01-07 · published 2019-01-07T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61376-aussie-rebounds-from-decade-lows-versus-greenback
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Small currency moves like this have a minimal effect on feed grain prices, and the weak manufacturing reading points to softer regional demand.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- economies.com: https://www.economies.com/forex/aud-usd-news/aussie-rebounds-from-decade-lows-versus-greenback-26407

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