# AUD steady in face of stronger U.S wage growth - OFX (US)

> The Australian dollar held flat into the Friday close despite stronger-than-expected US payrolls and wage growth. The greenback rose against most currencies, with the Kiwi slipping below 0.70.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65255-aud-steady-in-face-of-stronger-u-s-wage-growth-ofx-us
- 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 firmer US dollar and risk aversion tied to trade concerns weigh on commodity-linked currencies, which can soften demand sentiment for Australian grain and other exports.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-31 | [AUD steadies in face of escalating inflation concerns - OFX (US)](https://feedsoft.ai/events/41652-aud-steadies-in-face-of-escalating-inflation-concerns-ofx-us.md) | +0.0% | +2.0% |
| DXY | 2023-07-28 | [AUD/USD struggles near three-week low amid stronger USD, ahead of US PCE Price Index — Octa](https://feedsoft.ai/events/35310-aud-usd-struggles-near-three-week-low-amid-stronger-usd-ahead-of-us-pce-price.md) | +1.3% | +2.0% |
| DXY | 2018-03-29 | [Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors](https://feedsoft.ai/events/66236-stronger-dollar-to-pound-sterling-exchange-rate-as-us-growth-impresses-investors.md) | +0.1% | +1.6% |
| DXY | 2025-07-30 | [Gold falls over 1% after Fed keeps rates steady, strong US data](https://feedsoft.ai/events/23661-gold-falls-over-1-after-fed-keeps-rates-steady-strong-us-data.md) | -0.0% | -0.4% |
| DXY | 2018-11-21 | [Forecasters See U.S. GDP Growth Easing in 2019 after 2018 Surge \| St. Louis Fed](https://feedsoft.ai/events/61964-forecasters-see-u-s-gdp-growth-easing-in-2019-after-2018-surge-st-louis-fed.md) | +0.5% | -0.2% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2018/06/01/aussie-edges-marginally-lower-as-us-inflation-ticks-upward-and-investor-turn-an-eye-to-wage-growth/

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