# Australian Dollar: Tough Times to Soon Blow Over Suggest BNY Mellon

> BNY Mellon analysts say the Australian dollar has fallen about 6 percent against the USD since early September, mainly as Aussie-US bond yield spreads narrowed to levels not seen since around 2000. They expect the weakness to fade over coming weeks.

- Date: 2017-11-23 · published 2017-11-23T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68226-australian-dollar-tough-times-to-soon-blow-over-suggest-bny-mellon
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker AUD makes Australian grain and barley exports cheaper in USD terms, adding some competitive pressure on world feed prices. The effect is mainly a currency-driven shift in export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/8057-australian-dollar-patience-is-clearly-the-prudent-approach-says-bny-mellon

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