# Australian dollar knocked lower on weak terms of trade

> The Australian dollar fell to its lowest since June after October's trade surplus came in at $105 million, far below the expected $1.4 billion. Export earnings dropped on weaker iron ore prices and lower coal volumes.

- Date: 2017-12-07 · published 2017-12-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67732-australian-dollar-knocked-lower-on-weak-terms-of-trade
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak export earnings tied to lower iron ore and coal reflect softer Chinese demand for raw materials, a macro signal with limited direct impact on feed grains.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- smh.com.au: https://www.smh.com.au/business/the-economy/australian-dollar-knocked-lower-on-weak-terms-of-trade-20171207-h00fuk.html

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