# Aussie dollar hits 2-year high | Bell Direct

> The Australian dollar reached a two-year high of US$0.736 as the US dollar continued to fall after the Federal Reserve said it would let inflation run above 2 per cent and keep rates at record lows. A market analyst noted that Australian stocks have diverged from the US market. Key local events this week include the RBA meeting and GDP data.

- Date: 2020-08-30 · published 2020-08-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51897-aussie-dollar-hits-2-year-high-bell-direct
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is routine market commentary on currency moves driven by Fed policy, with no new supply or demand shock for feed commodities. The price implication is limited to currency translation effects on imports.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- belldirect.com.au: https://belldirect.com.au/insights/videos/morning-bell-31-august

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