# Dollar Struggles Ahead Of Inflation Figures, Aussie Takes A Knock After Wage Data - ActionForex

> The dollar index hovered near a three-week low of 93.56 on Wednesday as the euro strengthened after German GDP beat forecasts. The Australian dollar was the weakest major currency after Australian wage growth missed expectations.

- Date: 2017-11-15 · published 2017-11-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68229-dollar-struggles-ahead-of-inflation-figures-aussie-takes-a-knock-after-wage
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak Australian wage data reinforces a softer AUD, which can make Australian feed grain exports more competitive. The broader move is driven by USD weakness, which can support dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Dollar Dived on New Fed Strategy, Aussie Shone ahead of a Key Week - ActionForex](https://feedsoft.ai/events/51895-dollar-dived-on-new-fed-strategy-aussie-shone-ahead-of-a-key-week-actionforex.md) | +0.1% | +1.4% |
| DXY | 2023-01-10 | [Dollar treads water near 7-month lows ahead of U.S. inflation data](https://feedsoft.ai/events/37697-dollar-treads-water-near-7-month-lows-ahead-of-u-s-inflation-data.md) | -0.8% | +0.2% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/57199-dollar-struggles-ahead-of-inflation-figures-aussie-takes-a-knock-after-wage-data/

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