# Australian Dollar at Risk of Weakness as Commodity Price Decline to Extend

> Analysts expect the Australian dollar to weaken on slowing Chinese demand for iron ore and coal and on domestic wage growth. Morgan Stanley's commodity team forecasts iron ore at $74 per tonne by year-end amid supply growth from Vale and Australia.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72251-australian-dollar-at-risk-of-weakness-as-commodity-price-decline-to-extend
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Weaker Chinese steel-related demand and an iron ore price decline point to softer commodity-linked currencies and weaker Australian export pricing for feed grains.

## Read by commodity

- AUDUSD: bearish ▼
- BARLEY: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/6496-australian-dollar-to-us-dollar-to-fall-as-commodity-prices-decline-and-inflation-stagnates

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