# AUD/USD going backwards as Asia FX struggles with a resurgent US dollar

> The Australian dollar weakened against the US dollar as Asian currencies fell after weak Chinese November inflation data showed the economy operating below potential. CPI declined 0.5% year-on-year, against expectations of a 0.1% drop. Analysts expected a higher USD and US yields this week unless core US CPI undershot.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/6459-aud-usd-going-backwards-as-asia-fx-struggles-with-a-resurgent-us-dollar
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Australian dollar tends to encourage Australian grain and meal exports, though weak Chinese demand limits upside for feed prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/aud-usd-going-backwards-as-asia-fx-struggles-with-a-resurgent-us-dollar/

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