# AUD lurches higher following softer US inflation pressures - OFX

> The Australian dollar jumped to seven-week highs above US$0.66 after US CPI came in softer than expected on 10 November. Core inflation rose less than consensus, which led investors to pare back expectations for Fed rate hikes.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38928-aud-lurches-higher-following-softer-us-inflation-pressures-ofx
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer US inflation print weakens the dollar and supports dollar-priced commodities, a meaningful macro move for feed buyers.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [GBP/USD Tests One-year High Following PCE Inflation Data Goes the Fed's Way](https://feedsoft.ai/events/36668-gbp-usd-tests-one-year-high-following-pce-inflation-data-goes-the-fed-s-way.md) | -0.3% | +1.2% |
| 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 | 2024-09-27 | [US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high](https://feedsoft.ai/events/28578-us-dollar-slumps-after-softer-inflation-china-rate-cut-aud-usd-hits-18-month.md) | +0.9% | +2.9% |
| DXY | 2026-06-29 | [US Dollar Index: Fed hikes repriced on softer inflation – Deutsche Bank](https://feedsoft.ai/events/19012-us-dollar-index-fed-hikes-repriced-on-softer-inflation-deutsche-bank.md) | -0.0% | -0.1% |
| DXY | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -1.6% | -2.8% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2022/11/11/aud-lurches-higher-following-softer-us-inflation-pressures/

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