# Australian dollar pushed higher by US dollar weakness - ABC News

> The Australian dollar has held around 80 US cents for about two months despite a fall in commodity prices, including a 10 per cent drop in iron ore spot prices. Analysts point to stronger-than-expected local data and US dollar weakness as the main supports.

- Date: 2017-09-20 · published 2017-09-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69181-australian-dollar-pushed-higher-by-us-dollar-weakness-abc-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

For feed buyers, a firm Aussie dollar makes Australian grain and barley less competitive on export markets, which can weigh on international feed grain prices at the margin.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-03 | [Dollar's weakness pushes won to 30-month high](https://feedsoft.ai/events/49890-dollar-s-weakness-pushes-won-to-30-month-high.md) | -0.5% | -1.2% |
| DXY | 2022-01-13 | [Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder](https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business.md) | +0.1% | +0.2% |
| DXY | 2017-07-17 | [Aussie reaches 2-year high on US weakness \| SBS News](https://feedsoft.ai/events/70242-aussie-reaches-2-year-high-on-us-weakness-sbs-news.md) | -0.6% | -0.8% |
| DXY | 2019-10-20 | [Australian Dollar opens at 4-week highs against the U.S Dollar - OFX](https://feedsoft.ai/events/56830-australian-dollar-opens-at-4-week-highs-against-the-u-s-dollar-ofx.md) | -0.0% | +0.2% |
| DXY | 2017-07-30 | [The Australian Dollar Has Kicked Off the New Trading Week Just Below the US80c Level - Business Insider](https://feedsoft.ai/events/70238-the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c.md) | +0.3% | -0.5% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-09-20/australian-dollar-pushed-higher-by-us-dollar-weakness/8963216

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