# Australian Dollar opens at 4-week highs against the U.S Dollar - OFX

> The Australian dollar closed the prior week above the 67-68 cent range, reaching 0.6856 on a broad US dollar weakness driven by Brexit deal hopes. RBA Governor Lowe said negative rates were extraordinarily unlikely. The US dollar index closed at 97.14, its lowest level since early 2018.

- Date: 2019-10-20 · published 2019-10-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56830-australian-dollar-opens-at-4-week-highs-against-the-u-s-dollar-ofx
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Broad US dollar weakness tends to support dollar-denominated commodity prices, while a firmer Aussie reduces Australian export competitiveness. The effect on feed markets is modest.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2017-07-31 | [Australian Dollar retests 80 U.S. cents - OFX](https://feedsoft.ai/events/70236-australian-dollar-retests-80-u-s-cents-ofx.md) | +0.3% | -0.5% |
| DXY | 2017-08-31 | [Australian Dollar has 80c in sight - OFX](https://feedsoft.ai/events/69699-australian-dollar-has-80c-in-sight-ofx.md) | -1.4% | +0.8% |
| DXY | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| DXY | 2026-02-26 | [Australian Dollar reclaims three-year high against US Dollar on hawkish RBA bets](https://feedsoft.ai/events/20852-australian-dollar-reclaims-three-year-high-against-us-dollar-on-hawkish-rba-bets.md) | +1.1% | +2.0% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2019/10/21/australian-dollar-opens-at-4-week-highs-against-the-us-dollar/

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