# Australian Dollar to US Dollar (AUD/USD) Exchange Rate Up as ‘Aussie’ Stabilises while US Dollar Slips

> The Australian dollar touched a US$0.70 interbank low on December 27, its weakest level since February 2016, before stabilising on trade hopes. Weak Chinese growth and falling commodity prices weighed on the currency through the second half of 2018.

- Date: 2019-01-01 · published 2019-01-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61812-australian-dollar-to-us-dollar-aud-usd-exchange-rate-up-as-aussie-stabilises
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Aussie weakness reflects softer China demand and commodity prices, a mild bearish signal for Australian export commodities; trade-deal hopes offer some support.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- news.torfx.com: https://news.torfx.com/post/2018-12-28_australian-dollar-to-us-dollar-aud-usd-exchange-rate-up-as-aussie-stabilises-while-us-dollar-slips/

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