# Australian dollar outlook: Fed knights US dollar king of the world | IG AU

> The Australian dollar is pressured by a relatively dovish RBA and a Fed expected to deliver a large rate hike, with US Treasury yields driving the dollar. Headline US inflation was 8.3% year on year to end-August, and the RBA is weighing a 25 or 50 basis point hike.

- Date: 2022-09-19 · published 2022-09-19T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39840-australian-dollar-outlook-fed-knights-us-dollar-king-of-the-world-ig-au
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rate differentials and weaker commodity prices are working against the Aussie, which in turn shapes the competitiveness of Australian feed-relevant exports and dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-09-28 | [US dollar ‘wrecking ball’ stares down Australian dollar](https://feedsoft.ai/events/39835-us-dollar-wrecking-ball-stares-down-australian-dollar.md) | -1.8% | -1.5% |
| DXY | 2022-09-20 | [Australian dollar steady ahead of Fed and BoJ \| IG Bank Switzerland](https://feedsoft.ai/events/39842-australian-dollar-steady-ahead-of-fed-and-boj-ig-bank-switzerland.md) | +2.8% | +2.3% |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2023-11-01 | [The Aussie Dollar is Tied to China’s Outlook](https://feedsoft.ai/events/33883-the-aussie-dollar-is-tied-to-china-s-outlook.md) | -1.4% | -2.9% |

## Sources

- ig.com: https://www.ig.com/au/news-and-trade-ideas/australian-dollar-outlook--fed-knights-us-dollar-king-of-the-wor-220919

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