# AUD, NZD outperform, DXY flat, FOMC, Fed speak next

> The Aussie and Kiwi outperformed as the US dollar eased on lower Treasury yields, with AUD/USD climbing to 0.6553. The People's Bank of China cut its 5-year loan prime rate to 3.95% from 4.20%, its first cut since June 2023, aimed at bolstering the property sector.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/31935-aud-nzd-outperform-dxy-flat-fomc-fed-speak-next
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The PBOC's real-estate easing supports Chinese demand sentiment for industrial commodities and feed inputs, while the weaker dollar and firmer Aussie modestly affect Australian grain export pricing.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | +0.7% | +1.4% |
| DXY | 2023-03-31 | [AUD/USD stumbles on expectations for a Fed pivot after softer US inflation data — Octa](https://feedsoft.ai/events/37122-aud-usd-stumbles-on-expectations-for-a-fed-pivot-after-softer-us-inflation-data.md) | -0.1% | +0.0% |
| DXY | 2026-07-31 | [US Dollar Hits Post-FOMC Perfect Storm \| Investing.com AU](https://feedsoft.ai/events/8422-us-dollar-hits-post-fomc-perfect-storm-investing-com-au.md) | -0.1% | -1.1% |
| DXY | 2024-02-19 | [Commodities zoom in on FOMC minutes, Fed speeches, Flash PMI numbers this week](https://feedsoft.ai/events/31576-commodities-zoom-in-on-fomc-minutes-fed-speeches-flash-pmi-numbers-this-week.md) | -0.1% | -0.5% |
| DXY | 2020-03-16 | [Dollar dumped after Fed cut, ball in BOJ's court for next coronavirus move](https://feedsoft.ai/events/54044-dollar-dumped-after-fed-cut-ball-in-boj-s-court-for-next-coronavirus-move.md) | +3.7% | +1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/aud-nzd-outperform-dxy-flat-fomc-fed-speak-next-202402210242

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