# AUD/USD: Fed’s Move To Keep Aussie Stronger For Longer - Currency Live

> The Australian dollar rose 2.5 per cent over the week and jumped 1.1 per cent on Friday, trading close to its high of US$0.7350. The move followed the Fed's change in policy framework, which signals interest rates will stay low for longer. The shift weighed on the US dollar and boosted risk assets more broadly.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51896-aud-usd-fed-s-move-to-keep-aussie-stronger-for-longer-currency-live
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower-for-longer US rates push the dollar down and support risk-sensitive commodity prices. This could firm dollar-denominated feed input prices for importers.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-28 | [USD/INR: Rupee Unmoved, RBI & Trump In Focus - Currency Live](https://feedsoft.ai/events/51383-usd-inr-rupee-unmoved-rbi-and-trump-in-focus-currency-live.md) | -1.0% | -2.2% |
| DXY | 2021-10-28 | [Fed’s go-slow approach likely to keep USD weaker, for now - OFX (US)](https://feedsoft.ai/events/44743-fed-s-go-slow-approach-likely-to-keep-usd-weaker-for-now-ofx-us.md) | +0.6% | +2.5% |
| DXY | 2022-01-31 | [USD/INR: Rupee Rises, GDP Revised Lower - Currency Live](https://feedsoft.ai/events/43419-usd-inr-rupee-rises-gdp-revised-lower-currency-live.md) | -0.8% | -0.7% |
| DXY | 2019-10-31 | [GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live](https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live.md) | -0.1% | +0.8% |
| DXY | 2020-02-21 | [AUD/USD: Dollar Drops after Shock US Services Contraction - Currency Live](https://feedsoft.ai/events/54853-aud-usd-dollar-drops-after-shock-us-services-contraction-currency-live.md) | +0.1% | +6.7% |

## Sources

- currencylive.com: https://currencylive.com/news/104078-aud-usd-feds-move-to-keep-aussie-stronger-for-longer/

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