# Australian Dollar Is One Of The Weakest Major Currencies In Recent Weeks. | Exchange Rates UK

> The Australian dollar has been one of the weakest major currencies in recent weeks, trading near 0.75 and more than 3% below its March highs. Weakness is attributed to average domestic data and a pullback in commodities. The RBA is seen as having little pressure to raise rates near term.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71764-australian-dollar-is-one-of-the-weakest-major-currencies-in-recent-weeks
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie tied to a commodity pullback reflects softer export income for Australia, which is a minor factor for feed buyers. The price effect on grains and meal is indirect.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17906/aud-australian-dollar-weakest-currency-2017.html

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