# Currencies and commodities that the coronavirus can't shake | Money magazine

> Money magazine reports that the US dollar is expected to stay well bid during the pandemic as a safe haven, while the yen has strengthened to near four-year highs. The economist expects the Australian dollar to remain under downward pressure due to global recession and weaker commodity prices.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53897-currencies-and-commodities-that-the-coronavirus-can-t-shake-money-magazine
- 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 dollar and weak commodity-linked currencies lower US dollar prices for Australian and other exported commodities, pressuring export-oriented feed ingredient values.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2023-10-16 | [The dollar has joined the commodity currency club](https://feedsoft.ai/events/33536-the-dollar-has-joined-the-commodity-currency-club.md) | +0.0% | -0.9% |
| DXY | 2022-09-08 | [The Commodities Feed: USD strength and demand worries \| articles \| ING THINK](https://feedsoft.ai/events/14903-the-commodities-feed-usd-strength-and-demand-worries-articles-ing-think.md) | -0.3% | +1.6% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2024-03-24 | [Strong US dollar hits Thai baht, Malaysian ringgit hardest among Asean currencies  - The Business Times](https://feedsoft.ai/events/31494-strong-us-dollar-hits-thai-baht-malaysian-ringgit-hardest-among-asean.md) | -0.1% | +1.6% |

## Sources

- moneymag.com.au: https://www.moneymag.com.au/coronavirus-currencies-commodities

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