# Australian Dollar Facing Headwinds from a Dovish RBA as Other Central Banks Push North

> The RBA cut its inflation forecasts in its November Statement on Monetary Policy, with headline inflation seen at 1.75 percent for 2017 and 2018. Analysts said the outlook pushes out any rate rise, weighing on the Australian dollar as other central banks tighten.

- Date: 2017-11-10 · published 2017-11-10T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68235-australian-dollar-facing-headwinds-from-a-dovish-rba-as-other-central-banks
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A dovish RBA keeps the AUD weak, which tends to make Australian grain and barley exports more price-competitive in world markets. The effect on feed prices is modest.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/7970-the-australian-dollar-is-falling-after-the-release-of-high-profile-financial-report

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