# Hedgie: Australian dollar to crash to 9-year low - MacroBusiness

> Hexavest's co-CIO said the Australian dollar could fall to a nine-year low of 67 US cents if the RBA turns more dovish and cuts rates. He argued that the RBA's stance relative to the Fed would weigh on the currency.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62786-hedgie-australian-dollar-to-crash-to-9-year-low-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A forecast of a weaker AUD would lower Australian export prices in USD terms, which can weigh on world feed grain and barley prices. It is an analyst view rather than a confirmed policy shift.

## Read by commodity

- AUDUSD: bearish ▼
- BARLEY: bearish ▼

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/11/hedgie-australian-dollar-crash-9-year-low/

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