# Aussie dollar gains on weak US GDP - OFX

> The Australian dollar traded near US$0.64 after the RBA's Q1 trimmed mean CPI data. The US economy contracted 0.3% in the first quarter, its first contraction since early 2022, raising recession fears.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx
- 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 economy and softer dollar tend to support commodity prices priced in dollars, while raising global slowdown risk for feed demand. The Aussie gain reflects this dollar weakness.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| 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 | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2024-09-30 | [Aussie dollar continues to trade above US$0.69 - OFX](https://feedsoft.ai/events/28580-aussie-dollar-continues-to-trade-above-us-0-69-ofx.md) | +0.9% | +3.1% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2025/05/01/aussie-dollar-gains-on-weak-us-gdp/

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