8  R E S E R V E B A N K O F AU S T R A L I A  Graph 6  Australian Dollar  index  $  TWI* (LHS)  105  0.75 0.70  100 USD per AUD (RHS)  95  0.65  90  0.60  index  ppt  180 140  0.8  3-year yield differential*** (RHS)  0.4  100 60  0.0 RBA ICP** (LHS) 2019  2020  2021  2022  -0.4  * Trade-weighted index, 1 January 2019 = 100.
** Index of commodity prices (USD terms), 1 January 2019 = 100. *** Australian sovereign yield less yields of the United States, Japan and Germany, weighted by GDP.