# USD repo moves: Impact on AUD - ANZ - Forex Crunch

> ANZ analysts said last week's US dollar repo market volatility spilled into Australian dollar markets, lowering forward implied yields and pushing three-month cross-currency basis to its lowest in over a year. AUD repo rates rose recently, largely due to quarter-end seasonal factors.

- Date: 2019-09-23 · published 2019-09-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/57335-usd-repo-moves-impact-on-aud-anz-forex-crunch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Funding stress in dollar markets strengthens the dollar and adds volatility to currency-linked commodity pricing, with a modest effect on feed markets.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-28 | [USD/MXN reverses sharply and rises back above 19.00 - Forex Crunch](https://feedsoft.ai/events/63759-usd-mxn-reverses-sharply-and-rises-back-above-19-00-forex-crunch.md) | +1.4% | +0.4% |
| DXY | 2021-01-29 | [USD/CNY: Yuan drops despite surging Chinese overnight repo rate - Forex Crunch](https://feedsoft.ai/events/49364-usd-cny-yuan-drops-despite-surging-chinese-overnight-repo-rate-forex-crunch.md) | +0.7% | +0.7% |
| DXY | 2019-12-04 | [USD: Risk Of A USD Spike Into Year-End On A Sharp Rise In Net USD Demand - Citi - Forex Crunch](https://feedsoft.ai/events/55757-usd-risk-of-a-usd-spike-into-year-end-on-a-sharp-rise-in-net-usd-demand-citi.md) | -0.5% | -1.6% |
| DXY | 2016-11-16 | [EUR/USD: Justifiably Weaker On 2 Factors - Barclays - Forex Crunch](https://feedsoft.ai/events/9130-eur-usd-justifiably-weaker-on-2-factors-barclays-forex-crunch.md) | +0.6% | -0.0% |
| DXY | 2018-01-29 | [EUR/USD suffers from taper talk, USD recovery - it may be temporary - Forex Crunch](https://feedsoft.ai/events/67191-eur-usd-suffers-from-taper-talk-usd-recovery-it-may-be-temporary-forex-crunch.md) | +0.4% | +1.0% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/09/23/usd-repo-moves-impact-on-aud-anz/

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