# Treasury appointment boosts AUD/USD amid CPI data release | IG AE

> The AUD/USD pair closed higher last week at 0.6500 and extended gains after Trump named Scott Bessent as Treasury Secretary. The US 10-year yield fell 5 basis points to 4.341%, and the euro gained against the dollar. Traders are also watching October CPI data and RBA commentary.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/27661-treasury-appointment-boosts-aud-usd-amid-cpi-data-release-ig-ae
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Dollar weakness on the Bessent nomination supports USD-priced commodities slightly, but the effect on feed markets is small. The story is mainly about currency and rate expectations.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-24 | [Dollar slips as weak data boosts US rate cut bets](https://feedsoft.ai/events/59248-dollar-slips-as-weak-data-boosts-us-rate-cut-bets.md) | +0.4% | -1.2% |
| DXY | 2026-07-31 | [US Treasury intervenes to support yen after Japan steps in, FT reports](https://feedsoft.ai/events/18582-us-treasury-intervenes-to-support-yen-after-japan-steps-in-ft-reports.md) | -0.1% | -1.1% |
| DXY | 2023-02-02 | [USD falls on Fed slowing inflation comments, gold and base metals boosted \| IG International](https://feedsoft.ai/events/37235-usd-falls-on-fed-slowing-inflation-comments-gold-and-base-metals-boosted-ig.md) | +1.3% | +2.1% |
| DXY | 2024-11-25 | [Dollar eases as Treasuries rally on Bessent Treasury nomination \| Reuters](https://feedsoft.ai/events/27608-dollar-eases-as-treasuries-rally-on-bessent-treasury-nomination-reuters.md) | -0.3% | +0.7% |
| DXY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.0% | -0.2% |

## Sources

- ig.com: https://www.ig.com/ae/news-and-trade-ideas/aud-usd-climbs-as-trump-appoints-treasury-secretary-241125

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