# Why the Aussie is up and the Greenback is down - Andrew Macken | Livewire

> Andrew Macken explains the recent weakness of the US dollar and strength of the Aussie through global current account imbalances, drawing on Michael Pettis's work. The piece argues that savings and investment gaps between countries drive currency moves.

- Date: 2018-02-26 · published 2018-02-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66750-why-the-aussie-is-up-and-the-greenback-is-down-andrew-macken-livewire
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker USD tends to support dollar-priced commodities, and the analysis suggests the currency trend may persist, which matters for export-linked feed ingredient prices.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-03-31 | [Do we see an upside for the Aussie dollar? - Andrew Macken \| Livewire](https://feedsoft.ai/events/60352-do-we-see-an-upside-for-the-aussie-dollar-andrew-macken-livewire.md) | -0.1% | +0.3% |
| DXY | 2025-04-22 | [US dollar: Why should I care if the greenback falls?](https://feedsoft.ai/events/25330-us-dollar-why-should-i-care-if-the-greenback-falls.md) | +0.3% | +0.1% |
| DXY | 2024-02-06 | [What to expect from the Aussie dollar against the greenback, given its pullback from an end-2023 peak. - ABC News](https://feedsoft.ai/events/31930-what-to-expect-from-the-aussie-dollar-against-the-greenback-given-its-pullback.md) | -0.3% | -0.4% |
| DXY | 2026-01-31 | [Loonie on a wild ride as global investors reassess the greenback - The Globe and Mail](https://feedsoft.ai/events/21282-loonie-on-a-wild-ride-as-global-investors-reassess-the-greenback-the-globe-and.md) | +0.3% | +0.7% |
| DXY | 2026-01-28 | [Aussie dollar breaks barrier as greenback loses shine](https://feedsoft.ai/events/21314-aussie-dollar-breaks-barrier-as-greenback-loses-shine.md) | +0.4% | +0.3% |

## Sources

- livewiremarkets.com: https://www.livewiremarkets.com/wires/why-the-aussie-is-up-and-the-greenback-is-down

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