# Australian dollar up as markets hang on grimly - MacroBusiness

> The Australian dollar rose after US equities fell sharply on Friday, with the S&P 500 down 1.7 percent. The AUD briefly hit 0.7021, its lowest since February 2016, before rebounding to 0.7104 as the US dollar eased.

- Date: 2018-10-28 · published 2018-10-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62785-australian-dollar-up-as-markets-hang-on-grimly-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is routine daily market commentary on currency moves tied to equity and bond swings, with no new feed or grain supply driver.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/10/australian-dollar-markets-hang-grimly/

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