# Aussie reaches 2-year high on US weakness | SBS News

> The Australian dollar rose above 78 US cents for the first time since June 2015 after a weaker-than-expected US consumer price index. Markets became less confident that the Federal Reserve would raise rates again this year. The move was also supported by expectations that the RBA could tighten policy.

- Date: 2017-07-17 · published 2017-07-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70242-aussie-reaches-2-year-high-on-us-weakness-sbs-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of slower Fed tightening weaken the US dollar, which supports dollar-priced commodities and changes the relative cost of imported feed ingredients for Australian buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.2% | -3.8% |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| 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% |

## Sources

- sbs.com.au: https://www.sbs.com.au/news/article/aussie-reaches-2-year-high-on-us-weakness/1ux4ud55m

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