# Australian Dollar Recovery in Sight as Hedging Flows Fade say Commonwealth Bank of Australia

> Commonwealth Bank strategists expect the Australian dollar to rebound in April after hitting a new 2018 low against the US dollar. The fall was attributed to month-end hedging adjustments by Australian fund managers holding large offshore equity portfolios.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/66254-australian-dollar-recovery-in-sight-as-hedging-flows-fade-say-commonwealth-bank
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves driven by hedging flows are temporary and have little direct effect on feed commodity prices. A weaker AUD can marginally support Australian export competitiveness for grains and meal.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/8796-australian-dollar-recovery-in-sight-as-hedging-flows-fade-say-commonwealth-bank-of-australia

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