# Aussie dollar's gyrations show how insignificant we are

> The Australian dollar fell from 74 to 72 US cents after a Liberal Party leadership challenge to Malcolm Turnbull, then recovered to 73 cents after the US-Mexico trade deal was announced. US stock markets reached record highs on the agreement.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63810-aussie-dollar-s-gyrations-show-how-insignificant-we-are
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Trade deal headlines have eased tension for risk assets, but the Aussie's swings show how sensitive it is to both domestic politics and US trade news. The net effect for feed markets is limited.

## Read by commodity

- AUDUSD: neutral

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/aussie-dollar-s-gyrations-show-how-insignificant-we-are-20180828-p5007t.html

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