# Aussie dollar continues to trade above US$0.69 - OFX

> The Australian dollar traded above US$0.69 after China announced fiscal support for its economy. US core PCE rose 0.1% month-on-month in August, below expectations, and yearly core PCE reached 2.7%. China's September PMI readings were mixed, with Caixin in contraction.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28580-aussie-dollar-continues-to-trade-above-us-0-69-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Chinese fiscal support and softer US inflation support the AUD and weaken the dollar, which can support commodity prices, but the effect on feed markets is modest.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |
| DXY | 2025-05-13 | [UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.](https://feedsoft.ai/events/24990-uob-the-us-dollar-continues-to-weaken-reaching-26-300-vnd-in-q3.md) | -0.9% | -2.0% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2024/10/01/aussie-dollar-continues-to-trade-above-us0-69/

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