# Australia: Widening in funding spreads - Westpac - Forex Crunch

> Westpac says AUD/USD faces headwinds from a resilient US dollar, weak EM currencies, faltering commodity prices and higher volatility. It expects the Aussie could fall to 0.7250-0.7300, a level not seen since January 2017, even if the yuan stabilises.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64780-australia-widening-in-funding-spreads-westpac-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected weakness in commodity prices alongside a falling Aussie signals softer Australian export values and tighter funding conditions for the Australian economy.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/06/28/australia-widening-in-funding-spreads-westpac/

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