# Aussie dollar weighed down by US equities - OFX

> The Australian dollar closed the week weaker against the US dollar after US equities fell on Friday. The pair traded near 0.7611, and the Fed left rates and bond purchases unchanged, while US GDP rose 4.0%.

- Date: 2021-01-31 · published 2021-01-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49413-aussie-dollar-weighed-down-by-us-equities-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weakness in US equities and risk sentiment pushed the Aussie lower, a routine currency move with no new supply or demand shock for feed ingredients.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2021/02/01/aussie-dollar-weighed-down-by-us-equities/

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