# Australian dollar enters the pain trade | Investing.com AU

> The Australian dollar was pressured in a risk-off session as the US dollar held firm and oil fell. The commentary cites a BofA view that US real economy strength and possible recession risks will keep the USD supported in the first half of the year.

- Date: 2023-02-20 · published 2023-02-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37596-australian-dollar-enters-the-pain-trade-investing-com-au
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger USD and risk-off tone generally weigh on dollar-denominated commodity prices and can reduce the affordability of imports for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- AUDUSD: bearish ▼

## Sources

- au.investing.com: https://au.investing.com/analysis/australian-dollar-enters-the-pain-trade-200550187

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