# $A: between a rock and a dark place | ANZ

> ANZ analysis says iron ore and coal prices are increasingly driving the Australian dollar, overtaking interest rate spreads as the main swing factor. The note cites a narrowing current account deficit and broad US dollar weakness as supports for the currency.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69703-a-between-a-rock-and-a-dark-place-anz
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The shift toward commodity-driven currency moves links Australian export earnings to global raw material prices, but the note is an analytical piece with no direct feed price impact.

## Read by commodity

- AUDUSD: neutral

## Sources

- anz.com.au: https://www.anz.com.au/bluenotes/2017/08/a-dollar-between-a-rock-and-a-dark-place/

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