# The Australian Dollar Has Kicked Off the New Trading Week Just Below the US80c Level - Business Insider

> The Australian dollar rebounded in the second half of Friday's session after falling to 0.7937. US second-quarter GDP was revised as 2.6 per cent, slightly below forecasts, and first-quarter growth was revised down to 1.2 per cent. A soft US wage reading pushed bond yields lower and weakened the dollar.

- Date: 2017-07-30 · published 2017-07-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70238-the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US yields and a weaker dollar tend to support dollar-denominated commodity prices, though the effect is modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-31 | [US dollar at 3-week lows as traders await tapering clues - The Business Times](https://feedsoft.ai/events/45754-us-dollar-at-3-week-lows-as-traders-await-tapering-clues-the-business-times.md) | -0.2% | +0.9% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| 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 | 2017-09-20 | [Australian dollar pushed higher by US dollar weakness - ABC News](https://feedsoft.ai/events/69181-australian-dollar-pushed-higher-by-us-dollar-weakness-abc-news.md) | +1.1% | +1.9% |
| 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% |

## Sources

- businessinsider.com: https://www.businessinsider.com/the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c-level-2017-7

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