# Australian dollar dives after Trump says the US dollar will get 'stronger and stronger'

> The Australian dollar fell about 0.5% to around US80.26 cents after US President Trump said he wants a strong dollar that will get 'stronger and stronger'. His comments contradicted Treasury Secretary Mnuchin, whose remarks about a weaker dollar had triggered sharp currency volatility earlier in the week.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67226-australian-dollar-dives-after-trump-says-the-us-dollar-will-get-stronger-and
- 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 stronger US dollar pressures dollar-denominated commodity prices and can weigh on US export competitiveness for grains and meals. Currency swings of this size shift the relative cost of Australian and other exporters' grain and feed supplies.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-24 | [The US Dollar is much stronger - how will it impact the Australian economy? \| Investing.com AU](https://feedsoft.ai/events/39396-the-us-dollar-is-much-stronger-how-will-it-impact-the-australian-economy.md) | -0.4% | -2.3% |
| DXY | 2018-02-28 | [Will the Australian dollar get crushed as US interest rates storm higher? - ABC News](https://feedsoft.ai/events/66746-will-the-australian-dollar-get-crushed-as-us-interest-rates-storm-higher-abc.md) | -0.1% | -0.5% |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2022-09-28 | [US dollar ‘wrecking ball’ stares down Australian dollar](https://feedsoft.ai/events/39835-us-dollar-wrecking-ball-stares-down-australian-dollar.md) | -1.8% | -1.5% |
| DXY | 2024-11-14 | [Why the Dollar Keeps Getting Stronger](https://feedsoft.ai/events/11852-why-the-dollar-keeps-getting-stronger.md) | -0.1% | -0.0% |

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/australian-dollar-dives-after-trump-says-the-us-dollar-will-get-stronger-and-stronger-20180126-h0okbq.html

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