# CBA: Australian dollar on its way to 85 cents - MacroBusiness

> Commonwealth Bank analysts forecast the Australian dollar could reach 85 US cents by the end of next year. They attribute the expected strength mainly to a continued slide in the US dollar.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69701-cba-australian-dollar-on-its-way-to-85-cents-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A broad US dollar decline tends to support dollar-priced commodities, which is a mild bullish factor for feed grains and meals, though this is a forecast rather than an event.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-29 | [Goldman turns nonsensical on the Australian dollar - MacroBusiness](https://feedsoft.ai/events/59835-goldman-turns-nonsensical-on-the-australian-dollar-macrobusiness.md) | -0.2% | +0.5% |
| DXY | 2021-10-28 | [Smaller Biden stimulus lifts Australian dollar - MacroBusiness](https://feedsoft.ai/events/44820-smaller-biden-stimulus-lifts-australian-dollar-macrobusiness.md) | +0.6% | +2.5% |
| DXY | 2017-07-31 | [Australian Dollar retests 80 U.S. cents - OFX](https://feedsoft.ai/events/70236-australian-dollar-retests-80-u-s-cents-ofx.md) | +0.3% | -0.5% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2017-08-31 | [Australian Dollar has 80c in sight - OFX](https://feedsoft.ai/events/69699-australian-dollar-has-80c-in-sight-ofx.md) | -1.4% | +0.8% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2017/08/cba-australian-dollar-way-85-cents/

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