The price of the Australian dollar continued to decline against the background of weak statistics from China, the fall of the yuan and reduction of its stock markets. It is worth noting that the Chinese economy is a major consumer of Australian exports. In addition, the strengthening of the US dollar is also a key negative factor for the decrease of the Australian dollar. The low level of inflation and the negative impact of lower commodity prices may lead to a further reduction in interest rates of the RBA. We expect the price decline in the near future and medium term.