# Aussie dollar weekly – 31 August 2018 • YieldReport

> Trump threatened to withdraw the US from the World Trade Organization and rejected the EU's offer to scrap car tariffs. He also said the US would outlast China in the trade dispute, hinting at a further $200 billion in tariffs. The Australian dollar fell through 72 US cents in a broad risk-off move.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63806-aussie-dollar-weekly-31-august-2018-yieldreport
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Escalating tariff threats raise the risk of further disruption to US export flows and reduce demand for grains, oilseeds and meat. Risk-off sentiment also weakens commodity-linked currencies.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Australian dollar falls to post-GFC low - OFX (US)](https://feedsoft.ai/events/58379-australian-dollar-falls-to-post-gfc-low-ofx-us.md) | +0.9% | +1.8% |
| 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 | 2019-05-31 | [Mexican Peso Tumbles Against the Dollar - WSJ](https://feedsoft.ai/events/59299-mexican-peso-tumbles-against-the-dollar-wsj.md) | -0.4% | -1.5% |
| DXY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | +0.4% | +0.9% |
| 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% |

## Sources

- yieldreport.com.au: https://yieldreport.com.au/insights/aussie-dollar-weekly-31-august-2018/

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