# Do we see an upside for the Aussie dollar? - Andrew Macken | Livewire

> Montaka Global's Andrew Macken argues the Aussie dollar outlook has shifted to a more balanced or upside skew because the Fed paused rate hikes and slowed balance sheet runoff. He also points to a very large Chinese credit figure in a single month.

- Date: 2019-03-31 · published 2019-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60352-do-we-see-an-upside-for-the-aussie-dollar-andrew-macken-livewire
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar and stronger Chinese credit growth would support AUD and commodity demand, a mild bullish signal for raw materials priced in USD.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-26 | [Why the Aussie is up and the Greenback is down - Andrew Macken \| Livewire](https://feedsoft.ai/events/66750-why-the-aussie-is-up-and-the-greenback-is-down-andrew-macken-livewire.md) | +0.6% | -0.3% |
| DXY | 2025-04-17 | [Trade Wars and the U.S. Dollar \| PIMCO](https://feedsoft.ai/events/25333-trade-wars-and-the-u-s-dollar-pimco.md) | -0.2% | -0.5% |
| DXY | 2019-11-19 | [Are we witnessing the US dollar’s fall from grace?](https://feedsoft.ai/events/56263-are-we-witnessing-the-us-dollar-s-fall-from-grace.md) | +0.6% | -0.7% |
| DXY | 2019-11-04 | [Three Forces Weakening US Dollar’s Grip On Commodity Pricing \| Wood Mackenzie](https://feedsoft.ai/events/55960-three-forces-weakening-us-dollar-s-grip-on-commodity-pricing-wood-mackenzie.md) | +0.5% | +1.0% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |

## Sources

- livewiremarkets.com: https://www.livewiremarkets.com/wires/do-we-see-an-upside-for-the-aussie-dollar

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