# What are the concerns right now for AUD traders - the good, the bad, the you-know-what

> Australian weekend elections had little market impact, so traders focused on external factors. Strong US GDP supports higher US rates, while commodity prices have been under pressure and China's growth is slowing with US trade tensions.

- Date: 2018-07-29 · published 2018-07-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64307-what-are-the-concerns-right-now-for-aud-traders-the-good-the-bad-the-you-know
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak commodity prices and a stronger US rate outlook weigh on the Australian dollar, which tracks metals and agricultural export prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- investinglive.com: https://investinglive.com/news/!/what-are-the-concerns-right-now-for-aud-traders-the-good-the-bad-the-you-know-what-20180729

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