# Australian Dollar attempts to snap recent losses as Australia’s inflation rises, commodity prices decline — Octa

> The Australian dollar tried to recover from a two-day losing streak after Australian monthly CPI rose to 5.2% from 4.9%, in line with expectations. The US dollar index traded near its highest since December, supported by high US Treasury yields. The RBA minutes suggested further tightening could be needed if inflation proves persistent.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34385-australian-dollar-attempts-to-snap-recent-losses-as-australia-s-inflation-rises
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher Australian inflation and possible RBA tightening can support the currency, while a firm US dollar caps gains. Commodity price softness also limits the upside for the Aussie, which matters for export-linked feed prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +0.0% | +1.6% |
| DXY | 2022-02-14 | [Higher Rates, Rising Inflation, Stronger U.S. Dollar To Pressure Commodities? \| Investing.com](https://feedsoft.ai/events/42643-higher-rates-rising-inflation-stronger-u-s-dollar-to-pressure-commodities.md) | -0.0% | +2.0% |
| DXY | 2024-04-22 | [US dollar rally threatens Australian dollar, RBA inflation battle \| Australia](https://feedsoft.ai/events/30999-us-dollar-rally-threatens-australian-dollar-rba-inflation-battle-australia.md) | -0.1% | -1.5% |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |
| DXY | 2025-03-28 | [Australian Dollar depreciates as US Dollar holds position ahead of PCE Price data](https://feedsoft.ai/events/25845-australian-dollar-depreciates-as-us-dollar-holds-position-ahead-of-pce-price.md) | -1.3% | -2.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1067466/

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