# Aussie dollar falls below US70¢ ahead of RBA decider

> The Australian dollar fell below US70 cents to its weakest level in 18 months as markets digested a hawkish US Federal Reserve. The currency dropped 2.7% last week, its biggest weekly loss since August, ahead of the Reserve Bank of Australia meeting on Tuesday.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43383-aussie-dollar-falls-below-us70-ahead-of-rba-decider
- 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 weaker Aussie raise the cost of Australian-origin commodities for dollar-based buyers and can pressure export-linked prices like barley and wheat.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-31 | [Dollar Rebounds, Aussie Weakens ahead of RBA - ActionForex](https://feedsoft.ai/events/39394-dollar-rebounds-aussie-weakens-ahead-of-rba-actionforex.md) | -0.1% | -2.8% |
| DXY | 2025-10-29 | [Dollar drifts higher ahead of Fed decision, Aussie gains on CPI \| MarketScreener](https://feedsoft.ai/events/22662-dollar-drifts-higher-ahead-of-fed-decision-aussie-gains-on-cpi-marketscreener.md) | +1.0% | +0.5% |
| DXY | 2020-09-02 | [Dollar buoyed by upbeat U.S. economic data; Aussie falls](https://feedsoft.ai/events/51362-dollar-buoyed-by-upbeat-u-s-economic-data-aussie-falls.md) | +0.5% | +1.2% |
| DXY | 2019-04-25 | [USDINR Indian rupee below Rs70 per dollar on oil](https://feedsoft.ai/events/59888-usdinr-indian-rupee-below-rs70-per-dollar-on-oil.md) | -0.4% | +0.7% |
| DXY | 2022-09-16 | [Bangkok Post - Baht falls below 37 to the dollar](https://feedsoft.ai/events/39875-bangkok-post-baht-falls-below-37-to-the-dollar.md) | +1.0% | +2.8% |

## Sources

- afr.com: https://www.afr.com/markets/currencies/aussie-dollar-falls-below-us70-ahead-of-rba-decider-20220131-p59sjw

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