# ausbiz: Shifting rate differentials weigh on Australian dollar | Corpay

> Corpay strategist Peter Dragicevich said the Australian dollar weakened on shifting rate differentials, with US data and Fed comments reinforcing a higher-for-longer interest rate outlook. The commentary was delivered in a video segment.

- Date: 2023-02-19 · published 2023-02-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37593-ausbiz-shifting-rate-differentials-weigh-on-australian-dollar-corpay
- 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 higher-for-longer US rate outlook supports the dollar and pressures commodity prices quoted in USD, though this is routine currency commentary.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Sources

- corpay.com: https://www.corpay.com/resources/newsroom/ausbiz-shifting-rate-differentials-weigh-on-australian-dollar

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