# Aussie hits two-week low; risk-off mood supports US dollar | Financial Post

> The Australian dollar hit a two-week low after the Reserve Bank of Australia governor hinted at possible monetary easing. Risk-off sentiment, driven by new European lockdowns and doubts about U.S. stimulus before the election, lifted the U.S. dollar index to a one-week high of 93.78.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50900-aussie-hits-two-week-low-risk-off-mood-supports-us-dollar-financial-post
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer Aussie and firmer dollar lower the USD cost of Australian-linked commodities and tilt flows toward dollar assets. Broader risk aversion can weigh on commodity demand expectations.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-23 | [C$ hits 6-week low as COVID-19 sparks 'tsunami of risk aversion' \| Financial Post](https://feedsoft.ai/events/51347-c-hits-6-week-low-as-covid-19-sparks-tsunami-of-risk-aversion-financial-post.md) | +0.8% | -1.4% |
| DXY | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | +0.1% | +0.7% |
| DXY | 2023-02-15 | [Latam FX slides as dollar firms, Colombian peso hits near six-week low - Financial Post](https://feedsoft.ai/events/37628-latam-fx-slides-as-dollar-firms-colombian-peso-hits-near-six-week-low-financial.md) | +0.8% | +1.8% |
| DXY | 2021-03-01 | [Dollar gains on reflation trade, Aussie recovers \| Financial Post](https://feedsoft.ai/events/48359-dollar-gains-on-reflation-trade-aussie-recovers-financial-post.md) | +0.8% | +0.8% |
| DXY | 2022-01-27 | [Dollar rise drags copper lower on hawkish U.S. Fed comments \| Financial Post](https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post.md) | +0.1% | +0.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/aussie-hits-two-week-low-risk-off-mood-supports-us-dollar

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