# AUD/USD eases from two-week highs as Fed outlook boosts USD | Tradingpedia

> The Australian dollar eased from a two-week high after Federal Reserve Chair Jerome Powell gave an updated U.S. economic outlook. The Fed held rates near zero and projected a 3.7% contraction for 2020 and unemployment of 7.6%, lifting U.S. bond yields and the dollar.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51365-aud-usd-eases-from-two-week-highs-as-fed-outlook-boosts-usd-tradingpedia
- 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 dollar on Fed guidance of extended near-zero rates tends to weigh on dollar-denominated commodity prices and supports U.S. export competitiveness.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-29 | [Dollar index hits two-week high as data boosts Fed hike expectations](https://feedsoft.ai/events/35661-dollar-index-hits-two-week-high-as-data-boosts-fed-hike-expectations.md) | +0.4% | -1.2% |
| DXY | 2021-06-17 | [Yuan eases to 3-week low after Fed takes more hawkish outlook - Markets - Business Recorder](https://feedsoft.ai/events/7119-yuan-eases-to-3-week-low-after-fed-takes-more-hawkish-outlook-markets-business.md) | +1.1% | +1.7% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2025-03-21 | [Dollar ends week higher versus euro as traders book gains](https://feedsoft.ai/events/25774-dollar-ends-week-higher-versus-euro-as-traders-book-gains.md) | +0.3% | -2.3% |
| DXY | 2023-01-05 | [Colombian peso hits 6-week low as U.S. data boosts Fed hike bets](https://feedsoft.ai/events/38077-colombian-peso-hits-6-week-low-as-u-s-data-boosts-fed-hike-bets.md) | -1.1% | -2.6% |

## Sources

- tradingpedia.com: https://www.tradingpedia.com/2020/09/17/forex-market-aud-usd-eases-from-two-week-highs-despite-upbeat-australian-employment-data-as-feds-outlook-boosts-us-dollar/

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