# Spectacular rise of $A at greenback's expense

> The Australian dollar extended its surge after reaching its highest level since April 2019, rising to US71.97 cents on Wednesday. It has gained more than 30% since mid-March. The rally was attributed to a weaker greenback and pressure on the US Federal Reserve to add stimulus.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/52389-spectacular-rise-of-a-at-greenback-s-expense
- 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 firm Aussie and weak greenback shift export competitiveness and import costs for Australian feed and grain flows. The trend signals broad dollar weakness that tends to support US commodity prices in dollar terms.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2022-11-25 | [Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike \| Malay Mail](https://feedsoft.ai/events/38933-ringgit-stays-at-two-month-high-versus-greenback-on-expectation-of-slower-us.md) | -1.4% | -1.2% |
| DXY | 2018-10-18 | [Rising U.S. bond yields pose risks to greenback - The Globe and Mail](https://feedsoft.ai/events/62718-rising-u-s-bond-yields-pose-risks-to-greenback-the-globe-and-mail.md) | +1.1% | +1.9% |
| DXY | 2026-07-31 | [Ringgit opens higher as cooling US economy takes steam out of greenback \| Malay Mail](https://feedsoft.ai/events/18624-ringgit-opens-higher-as-cooling-us-economy-takes-steam-out-of-greenback-malay.md) | -0.1% | -1.1% |
| DXY | 2025-09-29 | [AUD/USD edges higher ahead of RBA meeting amid softer Greenback](https://feedsoft.ai/events/23138-aud-usd-edges-higher-ahead-of-rba-meeting-amid-softer-greenback.md) | -0.3% | +0.3% |

## Sources

- afr.com: https://www.afr.com/markets/currencies/spectacular-rise-of-a-at-greenback-s-expense-20200730-p55gss

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