# Australian dollar falls to five-month low as Trump rally continues

> The Australian dollar fell to US73.22 cents on Monday, its lowest level against the US dollar since early June. The move continued a US dollar rally that followed Donald Trump's election victory. Investors expect higher US government spending and rates, and Federal Reserve chair Janet Yellen signaled a December rate rise was increasingly likely.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74103-australian-dollar-falls-to-five-month-low-as-trump-rally-continues
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker Aussie dollar lowers the US-dollar cost of Australian grain and barley exports, while a stronger dollar tightens global commodity financing. Expectations of a December Fed hike support the US dollar and add downside pressure on dollar-priced grains.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-29 | [Australia, NZ dlrs fall to more than 1-mth low as dollar reigns](https://feedsoft.ai/events/40294-australia-nz-dlrs-fall-to-more-than-1-mth-low-as-dollar-reigns.md) | +0.6% | +4.4% |
| DXY | 2022-01-26 | [Australian dollar nears one-month low as the US dollar surges and the mood darkens](https://feedsoft.ai/events/43385-australian-dollar-nears-one-month-low-as-the-us-dollar-surges-and-the-mood.md) | +0.2% | -0.4% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |
| DXY | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -0.8% | +0.0% |
| DXY | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.1% | +0.7% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2016/nov/21/australian-dollar-falls-to-five-month-low-as-trump-rally-continues

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