# Australian dollar has found renewed global support, so how high could it go? - ABC News

> The Australian dollar has risen on renewed global support, with the Aussie backed by a yield advantage over US Treasuries. A 10-year Australian government bond yields about 2.7 per cent against 2.3 per cent for the US equivalent. The article also explains how a stronger currency lowers offshore costs and makes imports cheaper.

- Date: 2017-07-17 · published 2017-07-17T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70241-australian-dollar-has-found-renewed-global-support-so-how-high-could-it-go-abc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Yield differentials and demand for Australian iron ore, gas and coal drive the Aussie, and a stronger currency reduces the local cost of imported inputs.

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-07-18/australian-dollar-how-high-could-it-go/8717862

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