# Australia dollar gets helping hand from domestic data

> The Australian dollar recovered from four-month lows on Tuesday after a strong NAB business survey showed conditions at their best in two decades. The gain offset weaker-than-expected Chinese retail sales and industrial production data.

- Date: 2017-11-14 · published 2017-11-14T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68221-australia-dollar-gets-helping-hand-from-domestic-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves affect the price of Australian feed grain exports priced in USD, and a firmer Aussie can modestly support Australian export offers. The effect on feed prices is small and mostly driven by China demand signals.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/australia-dollar-gets-helping-hand-from-domestic-data-20171114-gzl251.html

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