# Australian dollar extends retreat from pre-Fed high

> The Australian dollar recorded its biggest one-day fall in four months, dropping from a high of US81.02 cents before the Fed statement to around US79.2 cents. Analysts suggested it could fall further.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69182-australian-dollar-extends-retreat-from-pre-fed-high
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A sharp currency move after the Fed statement shifts the export competitiveness of Australian grain and meat, a modest factor for global feed prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- afr.com: https://www.afr.com/markets/currencies/australian-dollar-extends-retreat-from-prefed-high-20170922-gymh86

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