# Searing hot Australian dollar begins to cool - MacroBusiness

> The Australian dollar fell as the US dollar index rose and oil moved, while metals, miners and emerging market stocks were mixed. Westpac's event wrap cited US personal spending and inflation data, with PCE inflation at 6.4% year on year. Treasury yields flattened and stocks rolled over.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger US dollar and firm US inflation data point to tighter global financial conditions, which can weigh on dollar-priced commodities. The effect on feed markets in this daily wrap is small.

## 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 | 2018-04-30 | [Australian dollar downgrades flow - MacroBusiness](https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness.md) | +1.0% | +2.2% |
| DXY | 2018-02-27 | [Bill Evans: Australian dollar falls delayed - MacroBusiness](https://feedsoft.ai/events/66749-bill-evans-australian-dollar-falls-delayed-macrobusiness.md) | +0.1% | -0.1% |
| DXY | 2019-07-31 | [Australian dollar crushed to post-GFC low as Fed disapoints - MacroBusiness](https://feedsoft.ai/events/58378-australian-dollar-crushed-to-post-gfc-low-as-fed-disapoints-macrobusiness.md) | +0.9% | +1.8% |
| 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% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2022/04/searing-hot-australian-dollar-begins-to-cool/

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