# AUD unable to sustain recovery through to the weekly close - OFX

> The Australian dollar gave back gains amid haven demand after suicide bombings outside Kabul airport. Hawkish comments from Fed officials Bullard and Kaplan increased expectations of an early bond-purchase taper. The dollar index rose 0.3% as investors sought safe havens.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/45800-aud-unable-to-sustain-recovery-through-to-the-weekly-close-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Geopolitical risk and a firmer USD pressure commodity-linked currencies and risk assets. The direct effect on feed commodities is limited.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-24 | [Euro hits three-week low, Aussie skids as Putin orders troops into Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9835-euro-hits-three-week-low-aussie-skids-as-putin-orders-troops-into-ukraine.md) | +1.0% | +1.2% |
| DXY | 2022-02-14 | [War Fears Continue To Ripple Through Capital Markets \| Investing.com](https://feedsoft.ai/events/42924-war-fears-continue-to-ripple-through-capital-markets-investing-com.md) | -0.0% | +2.0% |
| DXY | 2022-02-24 | [Ringgit weakens against US dollar at close \| Malay Mail](https://feedsoft.ai/events/42962-ringgit-weakens-against-us-dollar-at-close-malay-mail.md) | +1.0% | +1.2% |
| DXY | 2024-04-26 | [Oil settles higher on supply concerns in the Mideast, economic woes subdue gains \| Reuters](https://feedsoft.ai/events/30632-oil-settles-higher-on-supply-concerns-in-the-mideast-economic-woes-subdue-gains.md) | -0.3% | -0.9% |
| DXY | 2022-02-25 | [Euro tries to recover after tumbling on Russian invasion of Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9837-euro-tries-to-recover-after-tumbling-on-russian-invasion-of-ukraine-markets.md) | +0.0% | +0.0% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2021/09/01/up-up-and-away-aud-breaks-back-above-073-us-cents/

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