# AUD: Rates are only part of the story – ANZ — Octa

> ANZ FX research says interest-rate spreads are only part of the story for the Australian dollar, with terms of trade and global liquidity also important. ANZ does not expect narrowing spreads alone to push the AUD below US$0.70.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70774-aud-rates-are-only-part-of-the-story-anz-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The analysis suggests AUD support from commodity terms of trade and global liquidity, with no direct effect on feed grain prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/448924/

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