# Yellen Down The A$ - Sharecafe

> The Australian dollar dropped to about 73.40 US cents by the weekend, down 4 percent from November 1 and 5.4 percent from its November 8 peak. The decline followed the strong US dollar, which reached 13-year highs, and expectations of Fed tightening. Analysts said the currency's weakness helps Australian exporters.

- Date: 2016-11-20 · published 2016-11-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74104-yellen-down-the-a-sharecafe
- 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 cost of Australian exports in US dollars, which can add supply pressure to global grain and feed markets. The drop reflects expected Fed tightening rather than any change in Australian crop supply.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |
| DXY | 2016-06-21 | [EUR/USD down on Draghi, Brexit and no help from Yellen](https://feedsoft.ai/events/6959-eur-usd-down-on-draghi-brexit-and-no-help-from-yellen.md) | +2.0% | +1.6% |
| DXY | 2023-05-26 | [Hard to short the dollar at 5% yield \| Convera](https://feedsoft.ai/events/36158-hard-to-short-the-dollar-at-5-yield-convera.md) | -0.7% | -1.5% |
| DXY | 2026-06-29 | [Yen drops sharply versus the dollar after earlier hitting 40-year low](https://feedsoft.ai/events/19046-yen-drops-sharply-versus-the-dollar-after-earlier-hitting-40-year-low.md) | -0.0% | -0.1% |
| DXY | 2017-01-05 | [Australia, NZ dollars seen down slightly this year: poll - The Business Times](https://feedsoft.ai/events/73258-australia-nz-dollars-seen-down-slightly-this-year-poll-the-business-times.md) | +0.1% | -2.7% |

## Sources

- sharecafe.com.au: https://www.sharecafe.com.au/2016/11/21/yellen-down-the-a/

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