# Position for lower Aussie dollar: AMP Capital

> AMP Capital expects the Australian dollar to fall below 70 US cents in 2017, citing an end to commodity price gains, expected US rate hikes and a risk of another RBA cut. The currency was valued at 74.6 US cents on the Friday before the article.

- Date: 2016-12-11 · published 2016-12-11T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73722-position-for-lower-aussie-dollar-amp-capital
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A weaker Australian dollar would make Australian barley and grain exports more competitive on world markets, which is bearish for feed grain prices. This is a forecast from one analyst, so the effect is speculative.

## Read by commodity

- AUDUSD: bearish ▼
- BARLEY: bearish ▼

## Sources

- investordaily.com.au: https://www.investordaily.com.au/markets/40538-position-for-lower-aussie-dollar-amp-capital

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