# AUD/USD and NZD/USD Fundamental Daily Forecast – Rally Fades on Lower Investor Sentiment, Upbeat US Data

> The Australian and New Zealand dollars edged lower on Friday as upbeat US data lifted the greenback after a dovish Fed remark had weighed on it earlier in the week. AUD/USD settled at 0.7347 and NZD/USD at 0.6976. US consumer spending rose 1.0% in June, with wage growth in Q2 the fastest in 13 years.

- Date: 2021-07-31 · published 2021-07-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46318-aud-usd-and-nzd-usd-fundamental-daily-forecast-rally-fades-on-lower-investor
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger US dollar and weaker antipodean currencies are a mild headwind for US-denominated commodity prices and a modest support for some dollar-priced exports, with limited direct effect on feed grain fundamentals.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-28 | [AUD/USD and NZD/USD Fundamental Daily Forecast – Investors Flee Riskier Aussie, Kiwi for Safe-Havens \| FXEmpire](https://feedsoft.ai/events/44301-aud-usd-and-nzd-usd-fundamental-daily-forecast-investors-flee-riskier-aussie.md) | -0.2% | -0.9% |
| DXY | 2021-04-30 | [AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Plunge after Late Session Surge by US Dollar](https://feedsoft.ai/events/47855-aud-usd-and-nzd-usd-fundamental-daily-forecast-aussie-kiwi-plunge-after-late.md) | +0.1% | -0.8% |
| DXY | 2024-05-29 | [Ringgit closes lower amid upbeat US consumer sentiment \| FMT](https://feedsoft.ai/events/30537-ringgit-closes-lower-amid-upbeat-us-consumer-sentiment-fmt.md) | +1.1% | +2.3% |
| DXY | 2025-09-26 | [Ringgit edges lower on upbeat US jobs and GDP data, with traders bracing for more dollar strength \| Malay Mail](https://feedsoft.ai/events/23159-ringgit-edges-lower-on-upbeat-us-jobs-and-gdp-data-with-traders-bracing-for.md) | -0.1% | +0.3% |
| DXY | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | -0.1% | -1.6% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/aud-usd-and-nzd-usd-fundamental-daily-forecast-rally-fades-on-lower-investor-sentiment-upbeat-us-data-760352

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