# Goldman turns nonsensical on the Australian dollar - MacroBusiness

> Goldman Sachs strategists forecast EUR/USD at 1.10 and DXY at 99 over three months, while seeing AUD strengthening against the USD. The commentary argues no Australian rate cuts are coming, contrary to market pricing.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59835-goldman-turns-nonsensical-on-the-australian-dollar-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 weaker US dollar forecast would support dollar-denominated commodity prices, while the disagreement on Australian rates shows uncertainty in the outlook. This is analyst opinion with no direct new supply or demand event.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-30 | [CBA: Australian dollar on its way to 85 cents - MacroBusiness](https://feedsoft.ai/events/69701-cba-australian-dollar-on-its-way-to-85-cents-macrobusiness.md) | -0.6% | +0.9% |
| DXY | 2021-10-28 | [Smaller Biden stimulus lifts Australian dollar - MacroBusiness](https://feedsoft.ai/events/44820-smaller-biden-stimulus-lifts-australian-dollar-macrobusiness.md) | +0.6% | +2.5% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2020-08-20 | [Australian Dollar Rebounds on Iron Ore and Gold Rush](https://feedsoft.ai/events/51894-australian-dollar-rebounds-on-iron-ore-and-gold-rush.md) | +0.0% | -1.0% |
| DXY | 2017-07-30 | [The Australian Dollar Has Kicked Off the New Trading Week Just Below the US80c Level - Business Insider](https://feedsoft.ai/events/70238-the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c.md) | +0.3% | -0.5% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2019/04/goldman-turns-nonsensical-australian-dollar/

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