# Aluminum is not enough: the Aussie succumbed to the mighty US Dollar - Forex Crunch

> The Australian dollar fell after a weak March employment report showed only 4,900 jobs added, well below expectations, and US Treasury yields climbed above 2.90%. Metals including aluminum rose on Trump tariffs and Russia sanctions, partly offsetting the currency decline.

- Date: 2018-04-20 · published 2018-04-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65761-aluminum-is-not-enough-the-aussie-succumbed-to-the-mighty-us-dollar-forex-crunch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher US yields and a weak Australian labour market support the dollar, while rising metals prices signal firm Australian export receipts, leaving the feed impact limited.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-29 | [Dovish Fed unlikely to derail the run in US dollar - TDS - Forex Crunch](https://feedsoft.ai/events/59764-dovish-fed-unlikely-to-derail-the-run-in-us-dollar-tds-forex-crunch.md) | -0.2% | +0.5% |
| 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 | 2022-10-04 | [The Aussie dollar is dropping against the US currency, but it’s not all bad news - ABC News](https://feedsoft.ai/events/39392-the-aussie-dollar-is-dropping-against-the-us-currency-but-it-s-not-all-bad-news.md) | +0.5% | +0.2% |
| DXY | 2018-06-22 | [Why the Aussie dollar is plummeting, and what to do](https://feedsoft.ai/events/64776-why-the-aussie-dollar-is-plummeting-and-what-to-do.md) | +0.2% | -0.3% |
| DXY | 2018-09-30 | [Is the US dollar heading for a crash?  \| The National](https://feedsoft.ai/events/63245-is-the-us-dollar-heading-for-a-crash-the-national.md) | +0.7% | +1.8% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/04/20/aluminum-is-not-enough-the-aussie-succumbed-to-the-mighty-us-dollar/

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