# AUD/USD pushes back above 0.7200 on resilient consumer sentiment numbers, strong base metal prices — Octa

> AUD/USD recovered above 0.7200 on Wednesday, outperforming G10 peers. The move followed resilient Westpac consumer sentiment data and a rally in base metals on hopes of Chinese monetary easing.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43387-aud-usd-pushes-back-above-0-7200-on-resilient-consumer-sentiment-numbers-strong
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger base metals and a firmer Aussie reflect improved risk sentiment and Chinese stimulus hopes, which can ease pressure on dollar-denominated commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/947771/

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