# Australian dollar falls to post-GFC low - OFX (US)

> The Australian dollar fell to its lowest level in a decade after President Trump said he would expand tariffs to virtually all imports from China on September 1. The move followed the Fed's 25bp cut, with traders shifting into safe-haven currencies like the yen and Swiss franc.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/58379-australian-dollar-falls-to-post-gfc-low-ofx-us
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Escalating US-China tariffs threaten Chinese demand for US and other farm exports, and the safe-haven shift strengthens the dollar and weakens commodity-linked currencies.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-01 | [Rupee falls 22 paise to 87.41 against US dollar in early trade today](https://feedsoft.ai/events/26310-rupee-falls-22-paise-to-87-41-against-us-dollar-in-early-trade-today.md) | -1.8% | -1.5% |
| DXY | 2019-11-08 | [Euro hits lowest in three weeks as dollar gains from trade optimism](https://feedsoft.ai/events/56283-euro-hits-lowest-in-three-weeks-as-dollar-gains-from-trade-optimism.md) | +0.3% | +0.2% |
| DXY | 2025-07-29 | [Australia, NZ dollars steady after tumble, gain on battered euro — TradingView News](https://feedsoft.ai/events/24040-australia-nz-dollars-steady-after-tumble-gain-on-battered-euro-tradingview-news.md) | +0.3% | -0.2% |
| DXY | 2018-09-18 | [Soybeans plumb two-month low, dollar regains footing](https://feedsoft.ai/events/63066-soybeans-plumb-two-month-low-dollar-regains-footing.md) | -0.3% | -0.0% |
| DXY | 2025-02-03 | [Why Euro and US Dollar Are Getting Close to Parity Again (EUR/USD) - Bloomberg](https://feedsoft.ai/events/26271-why-euro-and-us-dollar-are-getting-close-to-parity-again-eur-usd-bloomberg.md) | -0.0% | -0.6% |
| SOY | 2018-07-31 | [US dollar pressures yuan, Australian dollar on tariff reports - The Business Times](https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times.md) | +0.3% | -4.6% |
| SOY | 2025-04-04 | [US dollar recovers, Aussie hits five-year low after China tariff retaliation](https://feedsoft.ai/events/25332-us-dollar-recovers-aussie-hits-five-year-low-after-china-tariff-retaliation.md) | +1.7% | +3.7% |
| SOY | 2019-11-13 | [Dollar falls against yen as investors shift to safe havens](https://feedsoft.ai/events/56316-dollar-falls-against-yen-as-investors-shift-to-safe-havens.md) | +0.6% | -1.4% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2019/08/01/aud-weakens-amidst-federal-reserve-announcement/

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