# Australian Dollar retreats as Warsh’s hawkish tone lifts US Dollar

> AUD/USD fell 0.30% on Friday to about 0.7170 after touching its highest level since mid-May at 0.7206. Fed Chair Warsh said price stability remains the priority and that the Fed still has work to do on inflation. Markets lifted the odds of a September Fed hike to about 60%.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/18151-australian-dollar-retreats-as-warsh-s-hawkish-tone-lifts-us-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hawkish Fed backs the US dollar, which tends to weigh on dollar-priced grain and oilseed export values. Markets will watch US jobs data for confirmation.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-30 | [Australian Dollar: Fresh Highs Meet a Hawkish Warsh \| Westpac IQ](https://feedsoft.ai/events/18146-australian-dollar-fresh-highs-meet-a-hawkish-warsh-westpac-iq.md) | -0.6% | +1.6% |
| DXY | 2021-11-30 | [Gold retreats as Fed's Powell strikes hawkish tone](https://feedsoft.ai/events/43957-gold-retreats-as-fed-s-powell-strikes-hawkish-tone.md) | -0.4% | -1.0% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.1% | +0.7% |
| DXY | 2018-04-26 | ['That's history': Australian dollar has had a week to forget](https://feedsoft.ai/events/65755-that-s-history-australian-dollar-has-had-a-week-to-forget.md) | +0.7% | +2.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/australian-dollar-retreats-from-highs-as-warshs-hawkish-message-lifts-us-dollar-202608281603

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