# Australian dollar defies the triple threat - MacroBusiness

> The US dollar index is struggling as election uncertainty rises, while the Australian dollar holds up better than peers. Bond yields have backed up sharply and equities and commodities sold off across the board.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28126-australian-dollar-defies-the-triple-threat-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Election-driven volatility in the dollar and yields shifts risk appetite and the cost of dollar-priced commodities, with no direct supply change for feed markets.

## Read by commodity

- DXY: neutral
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-19 | [Has the Fed plugged the US dollar leak? - MacroBusiness](https://feedsoft.ai/events/57275-has-the-fed-plugged-the-us-dollar-leak-macrobusiness.md) | +0.6% | -0.6% |
| DXY | 2018-01-30 | [Multiple fault lines for the Aussie dollar](https://feedsoft.ai/events/67228-multiple-fault-lines-for-the-aussie-dollar.md) | +0.2% | +1.0% |
| DXY | 2021-07-13 | [Australia, NZ dollars steady, benefit from weaker US dollar - Markets - Business Recorder](https://feedsoft.ai/events/46321-australia-nz-dollars-steady-benefit-from-weaker-us-dollar-markets-business.md) | +0.7% | +0.6% |
| 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 | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2024/11/australian-dollar-defies-the-triple-threat/

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