# All about the base AUDUSD

> The AUD/USD pair reached a two-year high near 0.7450 after a stronger-than-expected Australian Q3 GDP print of 3.3%. The US dollar index hit a 2.5-year low, and iron ore traded near six-year highs around $136.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49901-all-about-the-base-audusd
- 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 weaker US dollar and firm iron ore support dollar-denominated commodity prices, but this is a currency market wrap with no new supply or demand shock for feed ingredients.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/all-about-the-base-audusd/

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