# AUD/USD back below 0.7300 as USD rallies post PMIs — Octa

> AUD/USD fell back below 0.7300 after US Markit PMI data beat expectations sharply, with manufacturing PMI jumping to 56.7 and services to 57.7. The dollar index rallied from about 92.00 toward 92.40 on the data. Earlier the Australian dollar had also been pressured by new US hard-line measures against China.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50398-aud-usd-back-below-0-7300-as-usd-rallies-post-pmis-octa
- 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 USD against the AUD makes dollar-denominated commodity exports from Australia relatively less competitive, and a firmer dollar generally weighs on dollar-priced grain and oilseed markets.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-02 | [AUD/USD struggles at the 200-DMA, tumbles below 0.6800 on positive US jobs data — Octa](https://feedsoft.ai/events/38486-aud-usd-struggles-at-the-200-dma-tumbles-below-0-6800-on-positive-us-jobs-data.md) | +0.3% | -0.5% |
| DXY | 2019-11-27 | [AUD/USD: Dollar Rallies As US GDP Beats Expectations - Currency Live](https://feedsoft.ai/events/56326-aud-usd-dollar-rallies-as-us-gdp-beats-expectations-currency-live.md) | -0.3% | -1.6% |
| DXY | 2021-05-28 | [AUD/USD remains depressed around 0.7720 as focus shifts to US data — Octa](https://feedsoft.ai/events/47338-aud-usd-remains-depressed-around-0-7720-as-focus-shifts-to-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2022-04-28 | [AUD/USD plunges to near 0.7080, safe-haven appeal improves — Octa](https://feedsoft.ai/events/42093-aud-usd-plunges-to-near-0-7080-safe-haven-appeal-improves-octa.md) | +0.1% | -0.4% |
| DXY | 2019-10-31 | [Octa — USD/MXN jumps back above 19.20 on risk aversion](https://feedsoft.ai/events/56790-octa-usd-mxn-jumps-back-above-19-20-on-risk-aversion.md) | -0.1% | +0.8% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/865039/

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