# US dollar rally threatens Australian dollar, RBA inflation battle | Australia

> A rally in the US dollar, with the dollar index up about 5% this year, has pushed the Australian dollar down to a five-month low. Banks including NAB and Goldman Sachs cut their Aussie dollar forecasts on expectations of a stronger-for-longer greenback.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30999-us-dollar-rally-threatens-australian-dollar-rba-inflation-battle-australia
- 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 firm US dollar weighs on commodity-linked currencies and can make dollar-priced commodities cheaper for other buyers, but the article focuses on the Aussie rather than feed prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-12 | [Stocks tumble, dollar rallies as US inflation heats up](https://feedsoft.ai/events/26226-stocks-tumble-dollar-rallies-as-us-inflation-heats-up.md) | -0.5% | -2.0% |
| DXY | 2026-10-26 | [Aussie Dollar loses grip on 0.70 rally as Fed, RBA inflation tests lurk](https://feedsoft.ai/events/17328-aussie-dollar-loses-grip-on-0-70-rally-as-fed-rba-inflation-tests-lurk.md) | +0.3% | — |
| DXY | 2026-06-01 | [Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19465-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | +1.0% | +1.7% |
| DXY | 2022-09-28 | [US dollar ‘wrecking ball’ stares down Australian dollar](https://feedsoft.ai/events/39835-us-dollar-wrecking-ball-stares-down-australian-dollar.md) | -1.8% | -1.5% |
| DXY | 2022-06-10 | [U.S. Dollar ETFs Rally After Red-Hot Inflation Reading \| ETF Trends](https://feedsoft.ai/events/7714-u-s-dollar-etfs-rally-after-red-hot-inflation-reading-etf-trends.md) | +1.5% | +3.7% |

## Sources

- au.headtopics.com: https://au.headtopics.com/news/us-dollar-rally-threatens-australian-dollar-rba-inflation-51253876

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