# AUD/USD rises amid easing US inflation, stays firm around 0.6650s — Octa

> The Aussie dollar rose about 0.66% to around 0.6658 after US core PCE inflation came in at 0.3% month on month, in line with estimates and below April's pace. The US Dollar Index fell 0.48% as the data reduced expectations of aggressive Fed hikes.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35758-aud-usd-rises-amid-easing-us-inflation-stays-firm-around-0-6650s-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 softer US dollar tends to support dollar-denominated commodity prices, while Chinese weakness limits upside for Australian export demand.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | -0.2% | +0.1% |
| DXY | 2023-03-31 | [AUD/USD stumbles on expectations for a Fed pivot after softer US inflation data — Octa](https://feedsoft.ai/events/37122-aud-usd-stumbles-on-expectations-for-a-fed-pivot-after-softer-us-inflation-data.md) | -0.1% | +0.0% |
| DXY | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | -0.5% | -1.9% |
| DXY | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | -0.1% | +0.0% |
| DXY | 2025-06-26 | [AUD/USD reclaims seven-month high around 0.6550 as US Dollar slides further — Octa](https://feedsoft.ai/events/24492-aud-usd-reclaims-seven-month-high-around-0-6550-as-us-dollar-slides-further-octa.md) | -0.9% | -0.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1050829/

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