# Australian dollar squashed by rampant US dollar - MacroBusiness

> The US dollar hit new closing highs on Wednesday as the euro and Chinese yuan fell. Gold and oil declined, while the Australian dollar was roughly stable against developed-market currencies.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57333-australian-dollar-squashed-by-rampant-us-dollar-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A firmer dollar and weaker oil reduce commodity prices in dollar terms and weigh on export-linked currencies, but this is routine market commentary without a new cause.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2019/09/australian-dollar-squashed-by-rampant-us-dollar/

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