# US dollar ‘wrecking ball’ stares down Australian dollar

> Commentary says the US dollar is acting as a 'wrecking ball' on global currencies, so robust economies like Australia's offer little protection from depreciation despite a record trade surplus and stronger fiscal position.

- Date: 2022-09-28 · published 2022-09-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39835-us-dollar-wrecking-ball-stares-down-australian-dollar
- 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 strong dollar weakens AUD, which lowers the cost of Australian exports such as grain, meat and barley to dollar buyers but is a broad macro headwind for commodity-linked currencies.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2022-12-27 | [USD to AUD Forecast: Why The US Dollar Is Strengthening Against The Australian Dollar](https://feedsoft.ai/events/38485-usd-to-aud-forecast-why-the-us-dollar-is-strengthening-against-the-australian.md) | +0.1% | -2.5% |
| DXY | 2018-01-25 | [Australian dollar dives after Trump says the US dollar will get 'stronger and stronger'](https://feedsoft.ai/events/67226-australian-dollar-dives-after-trump-says-the-us-dollar-will-get-stronger-and.md) | -0.3% | +0.7% |
| DXY | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.1% | +0.7% |
| DXY | 2018-04-30 | [US Dollar To Australian Dollar (USD/AUD) Exchange Rate Rises 0.5% On US Spending Stats](https://feedsoft.ai/events/65756-us-dollar-to-australian-dollar-usd-aud-exchange-rate-rises-0-5-on-us-spending.md) | +1.0% | +2.2% |

## Sources

- afr.com: https://www.afr.com/markets/currencies/us-dollar-wrecking-ball-bears-down-on-australian-dollar-20220928-p5blmn

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