# Australian dollar steady ahead of Fed and BoJ | IG Bank Switzerland

> The Australian dollar was little changed after RBA minutes, staying near two-year lows despite a hawkish central bank. Markets expect the Fed to raise rates by 75 basis points, and the RBA is considering a 25 or 50 basis point hike at its October meeting.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39842-australian-dollar-steady-ahead-of-fed-and-boj-ig-bank-switzerland
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The widening policy-rate gap between the Fed and RBA keeps pressure on AUD/USD and supports the US dollar against commodity currencies.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | +0.2% | +0.4% |
| DXY | 2018-12-20 | [Australian dollar sideswiped by Fed, data \| SBS News](https://feedsoft.ai/events/61805-australian-dollar-sideswiped-by-fed-data-sbs-news.md) | -0.1% | -1.1% |
| DXY | 2022-09-19 | [Australian dollar outlook: Fed knights US dollar king of the world \| IG AU](https://feedsoft.ai/events/39840-australian-dollar-outlook-fed-knights-us-dollar-king-of-the-world-ig-au.md) | +1.9% | +2.2% |
| DXY | 2024-06-29 | [Major bank: Australian dollar steamrolled by greenback - MacroBusiness](https://feedsoft.ai/events/29965-major-bank-australian-dollar-steamrolled-by-greenback-macrobusiness.md) | -0.7% | -0.1% |
| DXY | 2024-01-29 | [Dollar Steady Ahead of Fed Meeting - Euro Weakens \| Global Banking & Finance Review](https://feedsoft.ai/events/32346-dollar-steady-ahead-of-fed-meeting-euro-weakens-global-banking-and-finance.md) | +0.2% | +0.4% |

## Sources

- ig.com: https://www.ig.com/en-ch/news-and-trade-ideas/special-report--australian-dollar-steady-after-rba-meeting-minut-220920

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