# Australian dollar crushed to post-GFC low as Fed disapoints - MacroBusiness

> The Australian dollar fell to a post-GFC low after the Federal Reserve's rate decision disappointed markets, with the DXY dollar index breaking out. Equities, bonds and emerging-market stocks sold off, while US ADP employment data was solid but Chicago PMI was weak.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58378-australian-dollar-crushed-to-post-gfc-low-as-fed-disapoints-macrobusiness
- 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 stronger US dollar and risk-off moves tend to pressure dollar-denominated commodity prices and make US feed and grain exports less competitive in weaker-currency markets.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-30 | [Australian dollar downgrades flow - MacroBusiness](https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness.md) | +1.0% | +2.2% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |
| DXY | 2018-02-27 | [Bill Evans: Australian dollar falls delayed - MacroBusiness](https://feedsoft.ai/events/66749-bill-evans-australian-dollar-falls-delayed-macrobusiness.md) | +0.1% | -0.1% |
| DXY | 2024-06-29 | [Major bank: Australian dollar steamrolled by greenback - MacroBusiness](https://feedsoft.ai/events/29965-major-bank-australian-dollar-steamrolled-by-greenback-macrobusiness.md) | -0.7% | -0.1% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2019/08/australian-dollar-crushed-post-gfc-low-fed-disapoints/

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