# Australian dollar slammed after U.S. bond yields surge higher

> The Australian dollar fell to about 71 US cents after strong US ISM services data and job additions pushed Treasury yields to multi-year highs. Analysts expected the Fed to keep hiking while the RBA held rates.

- Date: 2018-10-03 · published 2018-10-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/62788-australian-dollar-slammed-after-u-s-bond-yields-surge-higher
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Stronger US yields and a firmer USD pressure the AUD and make dollar-priced Australian exports cheaper, which can weigh on world feed grain and barley prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2017-02-09 | [U.S. dollar, bond yields rise after Trump promises tax plan](https://feedsoft.ai/events/72685-u-s-dollar-bond-yields-rise-after-trump-promises-tax-plan.md) | +0.1% | +0.7% |
| DXY | 2016-11-13 | [Australia, NZ dollars hit 1-month lows as USD, US bond yields surge - The Business Times](https://feedsoft.ai/events/74098-australia-nz-dollars-hit-1-month-lows-as-usd-us-bond-yields-surge-the-business.md) | +1.4% | +0.8% |
| DXY | 2023-09-26 | [Australia, NZ dollars resilient as US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/34381-australia-nz-dollars-resilient-as-us-yields-surge-markets-business-recorder.md) | +0.8% | +1.3% |
| DXY | 2018-04-19 | [Dollar Rises With Higher U.S. Yields, Sterling Slumps - Babypips.com](https://feedsoft.ai/events/65767-dollar-rises-with-higher-u-s-yields-sterling-slumps-babypips-com.md) | +2.1% | +3.9% |

## Sources

- fool.com.au: https://www.fool.com.au/2018/10/04/australian-dollar-slammed-after-u-s-bond-yields-surge-higher/

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