# World's largest asset manager sees Aussie falling further

> BlackRock, the world's largest asset manager, says the Australian dollar could slide to 70 US cents this year as China's growth slows and the Fed keeps raising rates. The Aussie fell below 74 US cents on Tuesday for the first time in a year amid the US-China trade dispute.

- Date: 2018-06-20 · published 2018-06-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64773-world-s-largest-asset-manager-sees-aussie-falling-further
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie makes Australian exports more competitive but signals slowing Chinese demand for Australian commodities, a key feed-relevant input chain including barley, sorghum and meat exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/world-s-largest-asset-manager-sees-aussie-falling-further-20180620-p4zmli.html

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