# Australian Dollar extends gains after upbeat Private Sector Credit — Octa

> The Australian dollar extended gains for a second day after private sector credit rose 0.4% against an expected 0.3%. Australian retail sales came in below consensus, while the US dollar retreated after moderate US economic data. The US dollar had reached its highest level since December earlier in the week.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34386-australian-dollar-extends-gains-after-upbeat-private-sector-credit-octa
- 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 firmer Aussie reduces the price competitiveness of Australian grain exports, which can modestly support global feed prices. The move is driven by currency flows rather than supply changes.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-29 | [AUD/USD consolidates above 0.6420 ahead of the Australian Private Sector Credit, US PCE — Octa](https://feedsoft.ai/events/34382-aud-usd-consolidates-above-0-6420-ahead-of-the-australian-private-sector-credit.md) | +1.1% | +0.9% |
| 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 | 2026-01-01 | [Canadian dollar extends recent gains as US labor market cools](https://feedsoft.ai/events/21732-canadian-dollar-extends-recent-gains-as-us-labor-market-cools.md) | +0.3% | -1.5% |
| DXY | 2019-10-20 | [Australian Dollar opens at 4-week highs against the U.S Dollar - OFX](https://feedsoft.ai/events/56830-australian-dollar-opens-at-4-week-highs-against-the-u-s-dollar-ofx.md) | -0.0% | +0.2% |
| DXY | 2022-12-01 | [Australian Dollar Flies after Powell Speech - ActionForex](https://feedsoft.ai/events/38489-australian-dollar-flies-after-powell-speech-actionforex.md) | -0.6% | -1.5% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1067992/

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