# CBA cuts Australian dollar forecasts for 2018, 2019

> Commonwealth Bank cut its 2018 and 2019 Australian dollar forecasts, citing a slowing global economy, the removal of expected Australian rate hikes this year, and a firmer US dollar.

- Date: 2018-05-03 · published 2018-05-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65264-cba-cuts-australian-dollar-forecasts-for-2018-2019
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A lower AUD forecast reflects weaker expected Australian export returns, but the effect on feed prices is indirect.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- afr.com: https://www.afr.com/markets/currencies/cba-cuts-australian-dollar-forecasts-for-2018-2019-20180503-h0zlig

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