# AUD/USD plunges to near 0.7080, safe-haven appeal improves — Octa

> AUD/USD tumbled to near 0.7081 as the US dollar index climbed toward a two-decade high ahead of the Federal Reserve meeting. Australian inflation of 5.1% beat forecasts but did not support the Aussie.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42093-aud-usd-plunges-to-near-0-7080-safe-haven-appeal-improves-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a larger Fed hike keep the dollar strong, which pressures commodity prices priced in dollars and can lift the cost of imported inputs for buyers outside the US.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-13 | [USD/MXN jumps to 20.50 as Wall Street plunges — Octa](https://feedsoft.ai/events/41166-usd-mxn-jumps-to-20-50-as-wall-street-plunges-octa.md) | +1.0% | +2.9% |
| DXY | 2016-11-30 | [USD JPY breaks out to new highs as dollar surges and safe havens suffer](https://feedsoft.ai/events/74086-usd-jpy-breaks-out-to-new-highs-as-dollar-surges-and-safe-havens-suffer.md) | -0.6% | +1.3% |
| DXY | 2023-09-27 | [Won plummets as investors flock to safe-haven dollar](https://feedsoft.ai/events/34360-won-plummets-as-investors-flock-to-safe-haven-dollar.md) | +1.1% | +1.1% |
| DXY | 2025-01-31 | [EUR/USD faces pressure as Trump's tariff threats improve USD's appeal](https://feedsoft.ai/events/26727-eur-usd-faces-pressure-as-trump-s-tariff-threats-improve-usd-s-appeal.md) | +0.1% | +0.1% |
| DXY | 2023-07-28 | [AUD/USD struggles near three-week low amid stronger USD, ahead of US PCE Price Index — Octa](https://feedsoft.ai/events/35310-aud-usd-struggles-near-three-week-low-amid-stronger-usd-ahead-of-us-pce-price.md) | +1.3% | +2.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/967566/

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