# AUD/USD Forecast May 1-5 - Forex Crunch

> AUD/USD posted a second straight weekly loss, closing at 0.7485. The week's key event is the RBA rate statement, with a hold at 1.50% expected. US first-quarter GDP grew 0.7% annualized, weaker than expected and the slowest in three years.

- Date: 2017-04-30 · published 2017-04-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71765-aud-usd-forecast-may-1-5-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A forecast of RBA holds and weak US growth points to a currency range with limited direct effect on feed markets. The weekly calendar matters mainly for Australian import costs.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2017/04/30/audusd-forecast-may-1-5/

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