# Aussie range bound ahead of tomorrow's RBA rate decision - OFX

> The Australian dollar was range bound near 0.6760 ahead of the RBA decision, with markets pricing a 25 basis point cut to 0.75%. The US dollar index hit a new yearly high of 99.31 on Friday before pulling back, and reports said the Trump administration was discussing limits on US investment flows into China.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57334-aussie-range-bound-ahead-of-tomorrow-s-rba-rate-decision-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Possible US limits on portfolio flows into China signal escalating trade tension, which could weigh on Chinese demand expectations for US agricultural goods.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Australian dollar falls to post-GFC low - OFX (US)](https://feedsoft.ai/events/58379-australian-dollar-falls-to-post-gfc-low-ofx-us.md) | +0.9% | +1.8% |
| DXY | 2019-08-01 | [NYMEX Plunges on Fed Rates, Supply, Tariff Tweets](https://feedsoft.ai/events/11292-nymex-plunges-on-fed-rates-supply-tariff-tweets.md) | +1.1% | +2.1% |
| DXY | 2019-09-27 | [Sell the South African Rand, says Bank of America, an October Rally is Not Coming](https://feedsoft.ai/events/57361-sell-the-south-african-rand-says-bank-of-america-an-october-rally-is-not-coming.md) | -0.1% | -1.4% |
| DXY | 2019-08-05 | [Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg](https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg.md) | +0.2% | +1.7% |
| DXY | 2026-05-15 | [Ahead of the Open \| Grain market extends pullback overnight - Pro Farmer](https://feedsoft.ai/events/9304-ahead-of-the-open-grain-market-extends-pullback-overnight-pro-farmer.md) | +0.6% | +0.7% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2019/10/01/aud-falls-in-anticipation-of-a-rate-cut/

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