# Australian Dollar retests 80 U.S. cents - OFX

> The Australian dollar finished July up about 4 per cent against the US dollar and held near 80 US cents. Traders were focused on the RBA decision due that day, with no change in the cash rate expected. US crude rose to two-month highs above US$50 a barrel, and Chinese iron ore rose about 8 per cent.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70236-australian-dollar-retests-80-u-s-cents-ofx
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad US dollar weakness and higher crude support commodity-linked currencies and can lift energy-linked input costs, which feed through to feed and ingredient prices.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-31 | [Australian Dollar has 80c in sight - OFX](https://feedsoft.ai/events/69699-australian-dollar-has-80c-in-sight-ofx.md) | -1.4% | +0.8% |
| 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% |
| 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% |
| WTI | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.4% | +10.3% |
| WTI | 2024-03-18 | [Canadian dollar arrests recent decline ahead of key CPI data \| Kitco News](https://feedsoft.ai/events/31437-canadian-dollar-arrests-recent-decline-ahead-of-key-cpi-data-kitco-news.md) | -0.9% | +5.3% |
| WTI | 2016-12-12 | [Canadian dollar above 76 cents US as oil surges to 1½-year high \| CBC News](https://feedsoft.ai/events/73711-canadian-dollar-above-76-cents-us-as-oil-surges-to-11-2-year-high-cbc-news.md) | +0.8% | -1.3% |

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2017/08/01/australian-dollar-retests-80-us-cents/

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