# Why Australian Dollar's Fall Won't Last Long

> The Australian dollar fell through August amid sideways iron ore prices, North Korean tensions and shifting monetary policy elsewhere. Bank of America Merrill Lynch strategists suggest the RBA could soon signal a hawkish shift, and the Aussie was near 0.7884 US cents on the last day of August.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69702-why-australian-dollar-s-fall-won-t-last-long
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves and iron ore trends affect Australian export pricing, but the piece offers no direct supply or demand change for feed commodities.

## Read by commodity

- AUDUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/7441-aussie-dollar-s-fall-won-t-last-long-if-bofa-is-right-about-the-rba

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