# US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high

> The US dollar fell after softer US inflation data and China's lending rate cut, pushing AUD/USD to its highest level since February 2023. Markets are split between 25 and 50 basis point Fed cuts at the November meeting. The article notes China's economic revival as the broader theme.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28578-us-dollar-slumps-after-softer-inflation-china-rate-cut-aud-usd-hits-18-month
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar and stronger Chinese growth outlook support commodity prices in dollar terms, which can lift feed ingredient prices, though the effect is moderate.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |
| DXY | 2024-05-31 | [Dollar set for first monthly drop after US inflation readout \| Reuters](https://feedsoft.ai/events/30421-dollar-set-for-first-monthly-drop-after-us-inflation-readout-reuters.md) | +0.3% | +1.8% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2026-09-30 | [Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com](https://feedsoft.ai/events/17701-canadian-dollar-firms-as-softer-u-s-inflation-weighs-on-rate-hike-bets-by.md) | -0.1% | +0.7% |
| DXY | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |

## Sources

- tradingview.com: https://www.tradingview.com/news/forexlive:d1502cab2094b:0-us-dollar-slumps-after-softer-inflation-china-rate-cut-aud-usd-hits-18-month-high/

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