# Will the Australian dollar get crushed as US interest rates storm higher? - ABC News

> ABC analysis asks whether the Australian dollar will fall as US interest rates rise, noting new Fed chair Jerome Powell signalled a possible extra hike this year. It notes big banks see the Aussie near 70 US cents by mid-2019, with commodity prices and volatility seen as the main drivers.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/66746-will-the-australian-dollar-get-crushed-as-us-interest-rates-storm-higher-abc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves shape the competitiveness of Australian grain and commodity exports and the cost of imported feed inputs; a weaker AUD tends to support Australian export prices in USD terms.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-03 | [Interest rates, exporters and Reserve Bank intervention: There's a lot at stake as the Australian dollar weakens - ABC News](https://feedsoft.ai/events/26751-interest-rates-exporters-and-reserve-bank-intervention-there-s-a-lot-at-stake.md) | -0.1% | -0.8% |
| DXY | 2022-09-22 | [SBS On the Money: Why US rate rise means higher Australian rates and lower dollar \| SBS News](https://feedsoft.ai/events/39837-sbs-on-the-money-why-us-rate-rise-means-higher-australian-rates-and-lower.md) | +1.9% | +1.8% |
| DXY | 2018-01-25 | [Australian dollar dives after Trump says the US dollar will get 'stronger and stronger'](https://feedsoft.ai/events/67226-australian-dollar-dives-after-trump-says-the-us-dollar-will-get-stronger-and.md) | -0.3% | +0.7% |
| DXY | 2025-02-28 | [The latest Australian dollar sell-off is a red flag for the economy - ABC News](https://feedsoft.ai/events/26332-the-latest-australian-dollar-sell-off-is-a-red-flag-for-the-economy-abc-news.md) | -1.5% | -1.3% |
| DXY | 2024-02-27 | [Australian dollar crushed under US megaboom \| Investing.com AU](https://feedsoft.ai/events/31928-australian-dollar-crushed-under-us-megaboom-investing-com-au.md) | -0.2% | -0.0% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2018-03-01/will-the-aussie-dollar-get-crushed-by-soaring-us-interest-rates/9492272

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