# Outlook for Australian Dollar Still "Bearish" amid Souring Environment for Risk Assets say ANZ

> ANZ analysts maintain a mildly bearish outlook on the Australian dollar, forecasting a decline toward 0.70 against the US dollar before year-end. They cite unsupportive risk sentiment driven by US-China trade tensions and a stalled Reserve Bank of Australia.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63299-outlook-for-australian-dollar-still-bearish-amid-souring-environment-for-risk
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Continued AUD weakness lowers Australian costs for imported feed and supports Australian export competitiveness, while trade tensions weigh on global demand.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/10000-australian-dollar-outlook-still-bearish-amid-soured-environment-for-risk-assets-say-anz

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