# Wednesday was a day of big swings and reversals for all the FX majors after US CPI data. AUD/USD back to 79 cents, more than a full cent off its daily low. - OFX

> AUD/USD swung sharply on February 14 after US CPI data, falling nearly a cent before recovering to 0.7885 and closing near 79 cents. Equity markets also reversed sharply, with the Dow swinging about 500 points intraday.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66732-wednesday-was-a-day-of-big-swings-and-reversals-for-all-the-fx-majors-after-us
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Volatile FX and equity swings driven by US inflation data reflect macro risk sentiment; the Australian dollar move has limited direct effect on feed grain prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2018/02/15/wednesday-was-a-day-of-big-swings-and-reversals-for-all-the-fx-majors-after-us-cpi-data-audusd-back-to-79-cents-more-than-a-full-cent-off-its-daily-low/

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