# Australian dollar holds near weekly low vs USD; eyes US PCE data

> The Australian dollar slipped to a one-week low near 0.7120 against the USD on May 28 after softer jobs data and reduced RBA hike bets. Renewed US strikes on Iran and hawkish Fed expectations also supported the US dollar.

- Date: 2026-05-28 · published 2026-05-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19503-australian-dollar-holds-near-weekly-low-vs-usd-eyes-us-pce-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer USD and weaker AUD make Australian grain and meal exports more competitive, while the Iran escalation keeps energy and freight costs elevated.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-03-28 | [Australian Dollar depreciates as US Dollar holds position ahead of PCE Price data](https://feedsoft.ai/events/25845-australian-dollar-depreciates-as-us-dollar-holds-position-ahead-of-pce-price.md) | -1.3% | -2.7% |
| DXY | 2025-03-31 | [Australian Dollar tumbles as AUD/USD eyes RBA after hitting multi-week low](https://feedsoft.ai/events/25844-australian-dollar-tumbles-as-aud-usd-eyes-rba-after-hitting-multi-week-low.md) | -0.5% | -2.8% |
| DXY | 2026-07-31 | [Australian Dollar holds despite weak Chinese PMIs](https://feedsoft.ai/events/18600-australian-dollar-holds-despite-weak-chinese-pmis.md) | -0.1% | -1.1% |
| DXY | 2022-01-26 | [Australian dollar nears one-month low as the US dollar surges and the mood darkens](https://feedsoft.ai/events/43385-australian-dollar-nears-one-month-low-as-the-us-dollar-surges-and-the-mood.md) | +0.2% | -0.4% |
| BRENT | 2021-01-13 | [Ringgit up 140 bps against US dollar on oil price rally, lower US treasury yields](https://feedsoft.ai/events/49423-ringgit-up-140-bps-against-us-dollar-on-oil-price-rally-lower-us-treasury-yields.md) | -1.1% | +8.2% |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |
| BRENT | 2016-12-12 | [Canadian dollar above 76 cents US as oil surges to 1½-year high \| CBC News](https://feedsoft.ai/events/73711-canadian-dollar-above-76-cents-us-as-oil-surges-to-11-2-year-high-cbc-news.md) | +2.7% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-bounces-off-weekly-low-vs-usd-ahead-of-us-pce-not-out-of-the-woods-yet-202605280817

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