# Australian Dollar surges as US Dollar weakens despite Warsh's comments

> The Australian dollar rose 0.52% to 0.7054 after Fed Chair Kevin Warsh's press conference, reaching its highest level since September 23. The Fed held rates at 3.75%-4%, with two dissenters, Lisa Cook and Beth Hammack, favoring a 25-basis-point hike. Warsh reaffirmed the 2% PCE inflation target while saying tightening appears to be working.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/17325-australian-dollar-surges-as-us-dollar-weakens-despite-warsh-s-comments
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar lifts AUD/USD and makes dollar-priced commodities cheaper for non-US buyers, which can support Australian export-linked demand. A hawkish Fed that holds rates high can still cap the broader dollar move.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data](https://feedsoft.ai/events/18598-australian-dollar-rallies-despite-softer-cpi-as-us-dollar-tumbles-after-fed.md) | -1.2% | -1.9% |
| DXY | 2017-07-31 | [Australian Dollar retests 80 U.S. cents - OFX](https://feedsoft.ai/events/70236-australian-dollar-retests-80-u-s-cents-ofx.md) | +0.3% | -0.5% |
| DXY | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| DXY | 2025-05-26 | [Australian Dollar posts fresh six-month highs as US debt concerns grow](https://feedsoft.ai/events/24952-australian-dollar-posts-fresh-six-month-highs-as-us-debt-concerns-grow.md) | -0.2% | -0.8% |
| DXY | 2020-03-31 | [US dollar weakens as Fed measure weighs](https://feedsoft.ai/events/10702-us-dollar-weakens-as-fed-measure-weighs.md) | +0.7% | +0.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-holds-firm-as-fed-pause-exposes-split-over-inflation-202610281839

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