# This is the currency rally the G-20 summit could ignite - MarketWatch

> Traders are watching the Australian dollar ahead of the G-20 summit in Buenos Aires, where Trump and Xi are due to meet on trade tensions. The AUD has fallen more than 6% in 2018 and last traded near $0.7302 after hitting $0.7051 in early October.

- Date: 2018-11-30 · published 2018-11-30T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62292-this-is-the-currency-rally-the-g-20-summit-could-ignite-marketwatch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A positive trade outcome at the G-20 could lift the AUD and risk appetite, which would support Australian commodity exporters and may ease pressure on US-China agricultural flows. The effect on feed prices depends on the summit result.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- marketwatch.com: https://www.marketwatch.com/story/this-is-the-currency-rally-the-g-20-summit-could-ignite-2018-11-29

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