# Markets Daily | Westpac IQ

> US job openings and consumer confidence came in weaker than expected, pushing the US dollar and bond yields lower. The Australian dollar rebounded to 0.6480 and regional equities rallied. The RBA's deputy governor said rates might need to rise again.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34858-markets-daily-westpac-iq
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker US data lowered the dollar and supported risk assets, which can ease pressure on dollar-priced commodities. The Australian dollar move has limited direct impact on feed prices.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- westpaciq.com.au: https://www.westpaciq.com.au/markets/2022/08/MarketsDaily_20230830

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