# Has the Australian dollar bottomed? | Investing.com AU

> A market commentary notes the US dollar index looks toppy and the Australian dollar is recovering from lows. Westpac's event wrap reports US Q1 GDP was revised to -1.5%, pending home sales fell 11.5% in April, and personal consumption beat expectations.

- Date: 2022-05-27 · published 2022-05-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41659-has-the-australian-dollar-bottomed-investing-com-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

Weaker US housing and growth data point to a softer dollar outlook, which tends to support dollar-denominated commodity prices, though the effect on feed markets is modest.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- au.investing.com: https://au.investing.com/analysis/has-the-australian-dollar-bottomed-200509211

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