# AUD/USD Rises for Fourth Day on US Dollar Dumping

> The Australian dollar rose for a fourth straight day against the US dollar and held above 0.68 after dipping below it earlier. Traders were cautious ahead of the US jobs report, with hopes for Chinese stimulus and easing COVID restrictions supporting the China-linked Australian currency.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38488-aud-usd-rises-for-fourth-day-on-us-dollar-dumping
- 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 firmer Australian dollar on China stimulus hopes can support demand sentiment for Australian commodities, though the move is mainly currency-driven and routine.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/aud-usd-rises-for-a-fourth-day-on-usd-dumping/

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