# The Aussie Dollar is Tied to China’s Outlook

> The Australian dollar lost nearly 8% against the US dollar from mid-July to early September, driven by rising US long-end yields and the Federal Reserve's higher-for-longer stance. The article questions whether recent Chinese data can halt the AUD's slide.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33883-the-aussie-dollar-is-tied-to-china-s-outlook
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The AUD is tied to Chinese demand expectations, so weakness in Chinese data signals softer demand for Australian commodities, though the effect on feed prices is indirect.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-22 | [Why the Aussie dollar is plummeting, and what to do](https://feedsoft.ai/events/64776-why-the-aussie-dollar-is-plummeting-and-what-to-do.md) | +0.2% | -0.3% |
| DXY | 2022-09-19 | [Australian dollar outlook: Fed knights US dollar king of the world \| IG AU](https://feedsoft.ai/events/39840-australian-dollar-outlook-fed-knights-us-dollar-king-of-the-world-ig-au.md) | +1.9% | +2.2% |
| DXY | 2023-05-18 | [As China's yuan drops through 7 again, the dollar is in the driver's seat](https://feedsoft.ai/events/36175-as-china-s-yuan-drops-through-7-again-the-dollar-is-in-the-driver-s-seat.md) | +0.7% | -0.9% |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |
| DXY | 2018-04-20 | [Aluminum is not enough: the Aussie succumbed to the mighty US Dollar - Forex Crunch](https://feedsoft.ai/events/65761-aluminum-is-not-enough-the-aussie-succumbed-to-the-mighty-us-dollar-forex-crunch.md) | +1.7% | +3.6% |

## Sources

- cmegroup.com: https://www.cmegroup.com/openmarkets/fx/2023/The-Aussie-Dollar-is-Tied-to-Chinas-Outlook.html

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