# Box A: Implications of US Policy Settings for Financial Markets | Statement on Monetary Policy – February 2025 | RBA

> The Reserve Bank of Australia's February 2025 Statement on Monetary Policy examines how financial markets have responded to US policy changes. It notes the US dollar has appreciated against other currencies, including the Australian dollar, and that US bond yields have risen. It also highlights uncertainty over tariffs and how other countries will respond.

- Date: 2025-02-18 · published 2025-02-18T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/26334-box-a-implications-of-us-policy-settings-for-financial-markets-statement-on
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger US rates and dollar tighten global financial conditions, which can raise the cost of importing feed and fertiliser for emerging markets. The tariff uncertainty flagged here adds downside risk to trade-exposed commodity demand.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-07 | [Statement by Philip Lowe, Governor: Monetary Policy Decision - June 2022 \| Media Releases \| RBA](https://feedsoft.ai/events/41203-statement-by-philip-lowe-governor-monetary-policy-decision-june-2022-media.md) | +2.4% | +4.0% |
| DXY | 2018-12-04 | [Statement by Philip Lowe, Governor: Monetary Policy Decision - December 2018 \| Media Releases \| RBA](https://feedsoft.ai/events/61810-statement-by-philip-lowe-governor-monetary-policy-decision-december-2018-media.md) | +0.7% | -0.4% |
| DXY | 2024-05-06 | [Financial Markets Report - First Quarter of 2024](https://feedsoft.ai/events/30558-financial-markets-report-first-quarter-of-2024.md) | -0.1% | +0.2% |
| DXY | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | +3.5% |
| DXY | 2018-11-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/62238-account-of-the-monetary-policy-meeting.md) | +0.1% | +0.1% |

## Sources

- rba.gov.au: https://www.rba.gov.au/publications/smp/2025/feb/box-a-implications-of-us-policy-settings-for-financial-markets.html

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