# Australian dollar hits US80c, Dow Jones breaks above 26,000 record

> The Australian dollar hit a four-month high of 80.22 US cents before easing to around 79.91. Wall Street had its best day of the year, with the Dow Jones rising 1.25% to a record 26,116 and the S&P 500 reaching a record 2,803.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67235-australian-dollar-hits-us80c-dow-jones-breaks-above-26-000-record
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong equity markets and a weaker US dollar support risk appetite and commodity prices broadly. The move is mainly financial-market driven rather than a direct change in feed supply or demand.

## Read by commodity

- DXY: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2018-01-18/australian-dollar-hits-80-us-cents-dow-jones-breaks-26000-record/9338238

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