# Australian Dollar down on Russia sanctions, ignores retail sales data. RBA eyed ahead | IG AU

> The Australian dollar fell as US dollar demand dominated markets amid the Ukraine crisis, despite strong January retail sales. Reports suggested several Russian banks could fail after being excluded from SWIFT, and further sanctions were expected. The RBA was expected to hold rates at its meeting on Tuesday.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42949-australian-dollar-down-on-russia-sanctions-ignores-retail-sales-data-rba-eyed
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off flows toward the US dollar weaken the AUD and can pressure Australian export-currency commodity prices in USD terms, while sanctions add uncertainty to global trade flows.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-24 | [Why Trump's crackdown on a Russian called Oleg is hitting Australia](https://feedsoft.ai/events/65758-why-trump-s-crackdown-on-a-russian-called-oleg-is-hitting-australia.md) | +0.4% | +2.5% |
| DXY | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +1.2% | +0.5% |
| DXY | 2026-03-29 | [Australian Dollar opens lower as Iran warns against US ground military action](https://feedsoft.ai/events/20408-australian-dollar-opens-lower-as-iran-warns-against-us-ground-military-action.md) | -0.2% | -1.8% |
| DXY | 2022-02-25 | [Dollar surges as Russia invades Ukraine - Business & Finance - Business Recorder](https://feedsoft.ai/events/6985-dollar-surges-as-russia-invades-ukraine-business-and-finance-business-recorder.md) | +0.0% | +0.0% |
| DXY | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +1.0% | +1.2% |

## Sources

- ig.com: https://www.ig.com/au/news-and-trade-ideas/australian-dollar-down-on-russia-sanctions--ignores-retail-sales-220228

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