# Australian Dollar holds recovery ahead of US Retail Sales data

> The Australian dollar recovered from three-month lows against the USD ahead of US retail sales data. China's October retail sales and industrial output beat expectations in part. RBA Governor Bullock said rates would stay at current levels until inflation outlook gains confidence.

- Date: 2024-11-15 · published 2024-11-15T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27662-australian-dollar-holds-recovery-ahead-of-us-retail-sales-data
- 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 stronger AUD makes Australian grain exports less competitive and slightly reduces import costs for Australian feed users. The impact on global feed prices is minor.

## Read by commodity

- DXY: neutral
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2018-01-22 | [Westpac on why the Australian dollar is so strong (AUD rise ahead of fair value model)](https://feedsoft.ai/events/67230-westpac-on-why-the-australian-dollar-is-so-strong-aud-rise-ahead-of-fair-value.md) | -1.2% | -0.8% |
| DXY | 2021-06-22 | [Dollar catches breath ahead of Powell testimony; bitcoin attempts recovery](https://feedsoft.ai/events/46774-dollar-catches-breath-ahead-of-powell-testimony-bitcoin-attempts-recovery.md) | -0.7% | +0.8% |
| DXY | 2025-12-30 | [US Dollar Index hovers around 98.00 ahead of FOMC Meeting Minutes](https://feedsoft.ai/events/21689-us-dollar-index-hovers-around-98-00-ahead-of-fomc-meeting-minutes.md) | +0.2% | -1.7% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-continues-to-face-downward-pressure-amid-a-strong-us-dollar-202411150148

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