# Aussie dollar breaks barrier as greenback loses shine

> The Australian dollar rose above 70 US cents for the first time since early 2023 after a consumer price index report showed inflation at 3.8% year on year in December, up from 3.4%. Trimmed mean inflation was 0.9% for the December quarter, and analysts said the Reserve Bank was likely to raise rates at its meeting on February 2 and 3.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/21314-aussie-dollar-breaks-barrier-as-greenback-loses-shine
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sticky inflation that prompts a rate hike lifts the currency through rate expectations. A stronger AUD raises the cost of Australian exports in US dollars, which can modestly support US feed and grain competitiveness.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [Canadian dollar notches biggest gain in one month as greenback slides](https://feedsoft.ai/events/24452-canadian-dollar-notches-biggest-gain-in-one-month-as-greenback-slides.md) | -0.9% | -0.6% |
| DXY | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | -0.9% | +1.1% |
| DXY | 2024-07-26 | [Yuan Snaps Losing Streak as Dollar Loses Ground - Caixin Global](https://feedsoft.ai/events/7519-yuan-snaps-losing-streak-as-dollar-loses-ground-caixin-global.md) | +0.3% | -0.9% |
| DXY | 2025-06-26 | [Canadian Dollar gains ground on Thursday as Greenback weakens](https://feedsoft.ai/events/24457-canadian-dollar-gains-ground-on-thursday-as-greenback-weakens.md) | -0.9% | -0.6% |
| DXY | 2019-02-26 | [Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail](https://feedsoft.ai/events/60837-canadian-dollar-strengthens-as-fed-s-patience-bruises-greenback-the-globe-and.md) | +0.5% | +0.2% |

## Sources

- aapnews.aap.com.au: https://aapnews.aap.com.au/news/aussie-dollar-soars-against-slumping-greenback

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