# AUD/USD trades with modest losses below 0.7200 ahead of US data — Octa

> AUD/USD traded slightly lower below 0.7200 after touching a near 18-month high of 0.7228 in the Asian session. The US Dollar Index fell to a more than two-year low of 92.55 after a sharp drop in US second-quarter GDP and lower Treasury yields. Traders awaited US personal income and spending data.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52390-aud-usd-trades-with-modest-losses-below-0-7200-ahead-of-us-data-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The dollar's slide to multi-year lows lifts dollar-denominated commodity prices and changes the cost of imports for buyers in currencies tied to the Aussie. Short-term moves of this size are mainly routine trading noise for feed buyers.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/839823/

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