# Aust dollar slips below 74 US cents

> The Australian dollar slipped below 74 US cents on November 23 but its decline was limited by firmer commodity prices. The currency's weakness reflected a stronger US dollar. No new policy action was reported.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74099-aust-dollar-slips-below-74-us-cents
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A lower Aussie dollar improves Australian export competitiveness, which can add pressure to global grain and feed prices. The move is a currency-driven shift rather than a supply change.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- businessnews.com.au: https://www.businessnews.com.au/article/Aust-dollar-slips-below-74-US-cents

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