# CBA's Australian Dollar Forecasts 2017: USD to Rule but AUD to Advance on EUR, GBP

> Commonwealth Bank of Australia forecasts the Australian dollar to slide against the US dollar in 2017 while holding up against sterling and the euro. CBA attributes the dollar rally to Trump's proposed cut in the US corporate tax rate from 35 to 15 percent.

- Date: 2017-01-13 · published 2017-01-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73255-cba-s-australian-dollar-forecasts-2017-usd-to-rule-but-aud-to-advance-on-eur-gbp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger US dollar on tax-cut expectations would make US feed grain and meal exports more expensive abroad, a bearish factor for US commodity prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-27 | [USD to AUD Forecast: Why The US Dollar Is Strengthening Against The Australian Dollar](https://feedsoft.ai/events/38485-usd-to-aud-forecast-why-the-us-dollar-is-strengthening-against-the-australian.md) | +0.1% | -2.5% |
| DXY | 2018-04-30 | [US Dollar To Australian Dollar (USD/AUD) Exchange Rate Rises 0.5% On US Spending Stats](https://feedsoft.ai/events/65756-us-dollar-to-australian-dollar-usd-aud-exchange-rate-rises-0-5-on-us-spending.md) | +1.0% | +2.2% |
| DXY | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | -0.1% | -1.6% |
| DXY | 2018-12-11 | [Barclays 2019 Forecast Update: U.S. Dollar to Remain Dominant as Brexit Weighs on GBP](https://feedsoft.ai/events/61816-barclays-2019-forecast-update-u-s-dollar-to-remain-dominant-as-brexit-weighs-on.md) | -0.2% | -2.2% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/6026-dollar-to-rise-against-aussie-in-2017-say-commonwealth-bank-of-australia

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