# Bill Evans: Australian dollar falls delayed - MacroBusiness

> Bill Evans revised its AUD/USD forecast, now seeing 0.77 through June and 0.74 by year-end, down from 0.72 previously. The bank cites expected falls in commodity prices through 2018 and 2019 from slower Chinese shadow credit growth, and a widening rate differential with the US.

- Date: 2018-02-27 · published 2018-02-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/66749-bill-evans-australian-dollar-falls-delayed-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of weaker commodity prices implies downward pressure on Australian export values and grain and metals prices tied to Chinese demand, while a weaker AUD supports Australian exporters.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2018-04-30 | [Australian dollar downgrades flow - MacroBusiness](https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness.md) | +1.0% | +2.2% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |
| DXY | 2024-06-29 | [Major bank: Australian dollar steamrolled by greenback - MacroBusiness](https://feedsoft.ai/events/29965-major-bank-australian-dollar-steamrolled-by-greenback-macrobusiness.md) | -0.7% | -0.1% |
| DXY | 2019-07-31 | [Australian dollar crushed to post-GFC low as Fed disapoints - MacroBusiness](https://feedsoft.ai/events/58378-australian-dollar-crushed-to-post-gfc-low-as-fed-disapoints-macrobusiness.md) | +0.9% | +1.8% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/02/bill-evans-australian-dollar-falls-delayed/

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