# The Aussie dollar hasn't been this cheap since the GFC

> The Australian dollar was about 11 per cent undervalued against the US dollar on a Commonwealth Bank fair value model, the largest discount since the 2008/09 crisis. The bank attributes much of the discount to fears that the US-China trade conflict will escalate.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61809-the-aussie-dollar-hasn-t-been-this-cheap-since-the-gfc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency weakness in a major grain and meat exporter can make Australian exports cheaper, while the trade-war concerns behind the discount signal lower global trade demand.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- smh.com.au: https://www.smh.com.au/business/the-economy/the-aussie-dollar-hasn-t-been-this-cheap-since-the-gfc-20181208-p50l0n.html

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