# Aussie dollar rebounds on a US Federal Reserve 'lacking credibility with the market' - ABC News

> The Australian dollar rose to 76.66 US cents after a stronger-than-expected November jobs report (62,000 jobs versus 18,000 expected) and a Fed rate hike. The US dollar weakened against a basket of currencies after US core inflation undershot expectations.

- Date: 2017-12-14 · published 2017-12-14T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67728-aussie-dollar-rebounds-on-a-us-federal-reserve-lacking-credibility-with-the
- 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 firmer Aussie and softer US dollar raise the cost of Australian and US feed-grain and meal exports in local terms, which can shift basis and export competitiveness for barley, sorghum and meal.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| DXY | 2020-04-30 | [Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street](https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main.md) | +0.7% | -1.4% |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2020-09-01 | [Federal Reserve's inflation target fudge: what it means for Australians - ABC News](https://feedsoft.ai/events/51368-federal-reserve-s-inflation-target-fudge-what-it-means-for-australians-abc-news.md) | +0.6% | +1.5% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-12-14/australian-dollar-aud-surprise-rebound-fed-lacks-credibility/9258322

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