# AUD/USD consolidates above 0.6420 ahead of the Australian Private Sector Credit, US PCE — Octa

> The AUD/USD pair recovered toward 0.6428 as the US dollar eased and Treasury yields fell. US second-quarter GDP grew 2.1% as expected, and Australian retail sales rose 0.2% in August, below the expected 0.3%. Markets were awaiting the US core PCE inflation report.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34382-aud-usd-consolidates-above-0-6420-ahead-of-the-australian-private-sector-credit
- 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 softer US dollar can support dollar-priced commodities, though the effect on feed prices from this currency move alone is small. Traders are watching US inflation data for the next move.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-29 | [Australian Dollar extends gains after upbeat Private Sector Credit — Octa](https://feedsoft.ai/events/34386-australian-dollar-extends-gains-after-upbeat-private-sector-credit-octa.md) | +1.1% | +0.9% |
| DXY | 2021-07-29 | [USD/JPY consolidates below 110.00 ahead of US critical data — Octa](https://feedsoft.ai/events/46299-usd-jpy-consolidates-below-110-00-ahead-of-us-critical-data-octa.md) | -0.3% | +0.4% |
| DXY | 2024-06-28 | [Australian Dollar strengthens further following US PCE figures — Octa](https://feedsoft.ai/events/30055-australian-dollar-strengthens-further-following-us-pce-figures-octa.md) | -0.7% | -0.5% |
| DXY | 2026-07-31 | [Australian Dollar gathers strength above 0.7000 amid softer US GDP data](https://feedsoft.ai/events/18595-australian-dollar-gathers-strength-above-0-7000-amid-softer-us-gdp-data.md) | -0.1% | -1.1% |
| DXY | 2024-09-30 | [Aussie dollar continues to trade above US$0.69 - OFX](https://feedsoft.ai/events/28580-aussie-dollar-continues-to-trade-above-us-0-69-ofx.md) | +0.9% | +3.1% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1067954/

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