# The Australian Dollar Is Rebounding - Business Insider

> The Australian dollar rebounded strongly on Thursday after falling heavily the previous day. The move was supported by softer US economic data, higher commodity prices and a solid Australian business investment report for the June quarter.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69696-the-australian-dollar-is-rebounding-business-insider
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Aussie tends to make Australian exports pricier, but higher commodity prices signal stronger demand from China and Australian grain and meal exporters remain price-competitive; the currency move is a modest factor for feed buyers.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- businessinsider.com: https://www.businessinsider.com/the-australian-dollar-is-rebounding-2017-8

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