# Australian Dollar has 80c in sight - OFX

> The Australian dollar rallied on Friday, supported by commodity prices and weak US payrolls, testing near 0.80 US cents intraday. The New Zealand dollar lagged, and sterling rose against the dollar on the same US data.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/69699-australian-dollar-has-80c-in-sight-ofx
- 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 weaker US dollar and firmer commodity prices can lift dollar-denominated grain and meal values, though the effect on feed buyers is indirect.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Australian Dollar retests 80 U.S. cents - OFX](https://feedsoft.ai/events/70236-australian-dollar-retests-80-u-s-cents-ofx.md) | +0.3% | -0.5% |
| 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 | 2023-11-29 | [The Australian dollar is surging. Here’s why](https://feedsoft.ai/events/33404-the-australian-dollar-is-surging-here-s-why.md) | +1.0% | -0.9% |
| DXY | 2020-08-20 | [Australian Dollar Rebounds on Iron Ore and Gold Rush](https://feedsoft.ai/events/51894-australian-dollar-rebounds-on-iron-ore-and-gold-rush.md) | +0.0% | -1.0% |
| DXY | 2017-08-30 | [CBA: Australian dollar on its way to 85 cents - MacroBusiness](https://feedsoft.ai/events/69701-cba-australian-dollar-on-its-way-to-85-cents-macrobusiness.md) | -0.6% | +0.9% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2017/09/01/lacklustre-inflation-data-forces-greenback-lower/

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