# Bloodied Australian dollar limps higher - MacroBusiness

> The US dollar index retraced some gains as markets questioned whether enough tightening had been done. US durable goods came in soft, the Dallas Fed contracted, and oil traded in a rising wedge.

- Date: 2023-02-27 · published 2023-02-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37595-bloodied-australian-dollar-limps-higher-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Dollar direction and oil moves feed into commodity pricing and input costs, but this is a routine daily market wrap with no new fundamental cause.

## Read by commodity

- DXY: neutral
- WTI: neutral

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2023/02/bloodied-australian-dollar-limps-higher/

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