# Australian Dollar’s Uptrend Tipped to Continue

> Nomura and ANZ maintain that the Australian dollar's broad uptrend remains intact despite recent setbacks. Short-term weakness is attributed to overstretched fund positioning, China's credit rating downgrade and a hawkish Fed.

- Date: 2017-09-22 · published 2017-09-22T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69187-australian-dollar-s-uptrend-tipped-to-continue
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency forecasts for the Aussie affect the cost of Australian grain and barley for import buyers, though the effect on feed prices is indirect.

## Read by commodity

- AUDUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/7620-the-australian-dollar-s-uptrend-should-continue-argue-analysts

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