# Australian dollar decline collateral damage in trade war - commentary

> A commentary argues the Australian dollar's slide is collateral damage from the US-China trade war, with the currency falling below key support near 0.74 while the stock market hit 10-year highs. It attributes part of the Australian market weakness to banking and insurance misconduct.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63302-australian-dollar-decline-collateral-damage-in-trade-war-commentary
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Trade-war risk is weighing on Australian currency and sentiment, which affects the cost of Australian-sourced feed and the competitiveness of exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/19/australian-dollar-decline-collateral-damage-in-trade-war---commentary.html

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