# Why the Aussie dollar is plummeting, and what to do

> The Aussie dollar fell from 77 US cents in early June to about 73 cents, with its latest slide beginning June 13 after the Federal Reserve raised rates and signalled further hikes. Experts warn it could reach 65 cents over the next year.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64776-why-the-aussie-dollar-is-plummeting-and-what-to-do
- 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 stronger US dollar driven by Fed tightening weighs on dollar-priced commodities, and a weaker Aussie reflects the same pressure on Australian export pricing.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2023-11-01 | [The Aussie Dollar is Tied to China’s Outlook](https://feedsoft.ai/events/33883-the-aussie-dollar-is-tied-to-china-s-outlook.md) | -1.4% | -2.9% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2018-02-13 | [The pain trade: Why the Canadian dollar is aching - The Globe and Mail](https://feedsoft.ai/events/66726-the-pain-trade-why-the-canadian-dollar-is-aching-the-globe-and-mail.md) | -0.4% | -0.2% |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |

## Sources

- thenewdaily.com.au: https://www.thenewdaily.com.au/finance/finance-news/2018/06/22/aussie-dollar-plummeting

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