# What to expect from the Aussie dollar against the greenback, given its pullback from an end-2023 peak. - ABC News

> NAB strategist Rodrigo Catril said he expects the Aussie dollar to rise later in 2024 if the Fed cuts rates as expected. The piece follows the currency's pullback from its end-2023 peak.

- Date: 2024-02-06 · published 2024-02-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31930-what-to-expect-from-the-aussie-dollar-against-the-greenback-given-its-pullback
- 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 forecast of a firmer Aussie dollar would make Australian grain and barley exports less competitive, while Fed easing would weaken the US dollar and support dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | +0.3% | +1.1% |
| DXY | 2021-02-24 | [Aussie hits fresh three-year highs against the US dollar, close to 80 US cents](https://feedsoft.ai/events/48819-aussie-hits-fresh-three-year-highs-against-the-us-dollar-close-to-80-us-cents.md) | +0.6% | +1.2% |
| DXY | 2018-02-26 | [Why the Aussie is up and the Greenback is down - Andrew Macken \| Livewire](https://feedsoft.ai/events/66750-why-the-aussie-is-up-and-the-greenback-is-down-andrew-macken-livewire.md) | +0.6% | -0.3% |
| DXY | 2023-05-25 | [Why is the Mexican Peso Gaining against the Dollar?](https://feedsoft.ai/events/36160-why-is-the-mexican-peso-gaining-against-the-dollar.md) | -0.4% | -1.1% |
| DXY | 2018-01-24 | [Finance Colombia   » Colombian Peso Hits Strongest Value Against Dollar Since November 2015 as Greenback Tumbles](https://feedsoft.ai/events/67262-finance-colombia-colombian-peso-hits-strongest-value-against-dollar-since.md) | -0.8% | -0.1% |

## Sources

- abc.net.au: https://www.abc.net.au/news/programs/the-business/2024-02-06/what-to-expect-from-the-aussie-dollar-against-the/103434402

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