# Australian dollar downgrades flow - MacroBusiness

> Analysts cited rising US 10-year yields above 3% and record short US dollar positioning as reasons the dollar could rally further. ANZ forecasts the Aussie falling to 72 US cents by year-end, and MacroBusiness sees 70 cents as China slows and terms of trade weaken.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected AUD weakness and a stronger dollar would reduce the dollar value of Australian commodity exports and tilt global commodity prices lower in USD terms.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-27 | [Bill Evans: Australian dollar falls delayed - MacroBusiness](https://feedsoft.ai/events/66749-bill-evans-australian-dollar-falls-delayed-macrobusiness.md) | +0.1% | -0.1% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |
| DXY | 2019-07-31 | [Australian dollar crushed to post-GFC low as Fed disapoints - MacroBusiness](https://feedsoft.ai/events/58378-australian-dollar-crushed-to-post-gfc-low-as-fed-disapoints-macrobusiness.md) | +0.9% | +1.8% |
| DXY | 2024-06-29 | [Major bank: Australian dollar steamrolled by greenback - MacroBusiness](https://feedsoft.ai/events/29965-major-bank-australian-dollar-steamrolled-by-greenback-macrobusiness.md) | -0.7% | -0.1% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/04/australian-dollar-downgrades-flow/

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