# Why was the Australian dollar slaughtered? - MacroBusiness

> MacroBusiness commentary argues the Australian dollar was sold off as the US dollar index rose and the bond market backed up. The article notes sharp declines in oil, gold and base metals, and a weaker outlook for the commodities supercycle.

- Date: 2021-02-28 · published 2021-02-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48896-why-was-the-australian-dollar-slaughtered-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger US dollar and falling oil, metals and China-slowdown concerns point to softer commodity prices and weaker Australian export pricing. The piece is opinion analysis rather than a new event.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- AUDUSD: bearish ▼

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2021/03/why-was-the-australian-dollar-slaughtered/

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