# Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters

> The US dollar index fell to around 101.78 as Treasury yields and crude oil prices dipped, after slipping to a three-week low the previous session. The Australian dollar hovered near a three-week high at 0.7013 after RBA Deputy Governor Andrew Hauser called the inflation outlook "materially worse". Oil had eased from a five-month high on Iran-related diplomacy and continued Houthi attacks on Saudi infrastructure.

- Date: 2026-10-21 · published 2026-10-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/17330-dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Softer crude and a weaker dollar both reduce pressure on fuel and fertilizer costs and make dollar-priced commodities cheaper. The hawkish RBA stance supports the Aussie, which can attract Australian export flows.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |
| DXY | 2017-11-07 | [Dollar Sags As US Yields Slip, Aussie Takes RBA Hold In Stride - Babypips.com](https://feedsoft.ai/events/68231-dollar-sags-as-us-yields-slip-aussie-takes-rba-hold-in-stride-babypips-com.md) | -0.2% | -0.8% |
| DXY | 2025-11-25 | [US dollar slumps as data backs Fed rate cut view; traders on yen alert \| Reuters](https://feedsoft.ai/events/21876-us-dollar-slumps-as-data-backs-fed-rate-cut-view-traders-on-yen-alert-reuters.md) | -0.6% | -1.8% |
| DXY | 2026-02-26 | [Australian Dollar reclaims three-year high against US Dollar on hawkish RBA bets](https://feedsoft.ai/events/20852-australian-dollar-reclaims-three-year-high-against-us-dollar-on-hawkish-rba-bets.md) | +1.1% | +2.0% |
| DXY | 2024-05-31 | [Dollar Drops as Bond Yields Fall on Hopeful US Inflation Report](https://feedsoft.ai/events/30468-dollar-drops-as-bond-yields-fall-on-hopeful-us-inflation-report.md) | +0.3% | +1.8% |
| WTI | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +2.1% | -3.0% |
| WTI | 2026-07-27 | [Canadian dollar hits near two-week low as oil prices drop \| Reuters](https://feedsoft.ai/events/18591-canadian-dollar-hits-near-two-week-low-as-oil-prices-drop-reuters.md) | -3.3% | -2.6% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |

## Sources

- au.investing.com: https://au.investing.com/news/economy-news/dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba-4702954

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