# Aussie plumbs one-week low

> The Australian dollar fell to one-week lows on Tuesday at 0.7531 as the US dollar recovered to six-and-a-half-month highs. Commodities were also under pressure from dollar strength.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65257-aussie-plumbs-one-week-low
- 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 dollar pressures dollar-denominated commodity prices, which can weigh on feed grain and oilseed values.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/aud-usd-news/aussie-plumbs-one-week-low-23209

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