# The Australian Dollar Is Rallying As Recession Talk Eases - Business Insider

> The Australian dollar rallied overnight against the US dollar and crosses after easing fears of a negative GDP reading in the March quarter. The move came despite a further fall in iron ore prices.

- Date: 2017-06-05 · published 2017-06-05T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70770-the-australian-dollar-is-rallying-as-recession-talk-eases-business-insider
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Reduced recession risk supports the Aussie, but weak iron ore points to softer demand for Australian bulk commodities.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- businessinsider.com: https://www.businessinsider.com/the-australian-dollar-is-rallying-as-recession-talk-eases-2017-6

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