# Australian dollar near multi-month USD low | SBS News

> The Australian dollar hovered near multi-month lows of about 73.76 US cents, close to a 1.5-year trough of 73.11. Traders bet the Reserve Bank of Australia will keep its cash rate at a record low for some time while the Federal Reserve keeps tightening.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64305-australian-dollar-near-multi-month-usd-low-sbs-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie reduces the cost of Australian exports in US dollars and reflects weak Australian rate expectations, a mild bearish signal for AUD-linked commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- sbs.com.au: https://www.sbs.com.au/news/article/australian-dollar-near-multi-month-usd-low/lbsho0qbh

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