# Why Did the AUDUSD Experience a Sudden Intraday Crash? Here’s Why

> AUD/USD fell about 0.9% intraday on October 28, 2020, after a sudden wave of risk aversion. The selloff followed EU warnings about the second COVID-19 wave and reports of new French lockdowns. The pair dropped below 0.7060 after a brief lift from Australia's Q3 trimmed mean CPI reading.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50903-why-did-the-audusd-experience-a-sudden-intraday-crash-here-s-why
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off moves strengthen the USD and can pressure commodity prices priced in dollars. The effect on feed grain and meal prices is usually small and short-lived.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-20 | [Why the loonie took a sudden dive Wednesday - The Globe and Mail](https://feedsoft.ai/events/69197-why-the-loonie-took-a-sudden-dive-wednesday-the-globe-and-mail.md) | +1.1% | +1.9% |
| DXY | 2019-06-18 | [Europe just gave the dollar a boost. Here’s why Trump hates it](https://feedsoft.ai/events/58809-europe-just-gave-the-dollar-a-boost-here-s-why-trump-hates-it.md) | -1.1% | -0.8% |
| DXY | 2023-08-31 | [Why traders are ditching the euro - InvestmentNews](https://feedsoft.ai/events/34808-why-traders-are-ditching-the-euro-investmentnews.md) | +1.8% | +2.3% |
| DXY | 2018-09-30 | [Is the US dollar heading for a crash?  \| The National](https://feedsoft.ai/events/63245-is-the-us-dollar-heading-for-a-crash-the-national.md) | +0.7% | +1.8% |
| DXY | 2022-09-16 | [The loonie has fallen to its lowest level in almost two years — here's why \| CBC News](https://feedsoft.ai/events/39816-the-loonie-has-fallen-to-its-lowest-level-in-almost-two-years-here-s-why-cbc.md) | +1.0% | +2.8% |

## Sources

- investingcube.com: https://www.investingcube.com/forex/why-did-the-audusd-experience-a-sudden-intraday-crash-heres-why/

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