# Australian dollar's plunge casts doubt on RBA rate hike forecasts - ABC News

> The Australian dollar fell to a three-month low against the US dollar after weak headline inflation data of 1.8% year-on-year came in below expectations. It also lost ground against the pound, euro and yen. The result raised doubts about when the Reserve Bank of Australia would begin raising rates.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68700-australian-dollar-s-plunge-casts-doubt-on-rba-rate-hike-forecasts-abc-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker AUD and delayed RBA tightening shift currency and yield-spread conditions for Australian exporters, with little direct effect on feed grain prices.

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-10-26/aud-australian-dollar-plunges-against-major-currencies/9088486

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