# Australian Dollar Outlook Negative and Latest Inflation Data Doesn't Help

> The Australian dollar fell over 0.80% against the US dollar after first-quarter inflation came in at 2.1%, below the 2.2% analysts expected. The RBA is expected to keep rates on hold for longer. Westpac said soft inflation and weaker commodity export prices were weighing on the currency.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71762-australian-dollar-outlook-negative-and-latest-inflation-data-doesn-t-help
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer Aussie reflects weaker commodity export prices and a longer period of low RBA rates, which can cut the cost of Australian exports to dollar-based buyers. The move is a currency story, not a direct feed price driver.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/6677-australian-dollar-looking-weak-after-inflation-undershoots-analysts-estimates

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