# Kiwi braces for RBNZ decision, Aussie tries to steady after setback - Markets - Business Recorder

> The kiwi dollar rose 0.2% to $0.5919 ahead of a widely expected Reserve Bank of New Zealand rate hike to 2.75% on Wednesday. The Aussie edged up to $0.7170 after losing 0.5% on Friday. Oil rose over 2% on renewed US-Iran fighting.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/18150-kiwi-braces-for-rbnz-decision-aussie-tries-to-steady-after-setback-markets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rate-driven currency moves mainly affect dairy and meat export pricing for New Zealand and Australia. The oil move adds to energy and freight cost pressure for feed buyers.

## Read by commodity

- WTI: bullish ▲
- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-11-05 | [Canadian dollar steadies as jobs gain supports rate hike bets - Markets - Business Recorder](https://feedsoft.ai/events/44268-canadian-dollar-steadies-as-jobs-gain-supports-rate-hike-bets-markets-business.md) | +3.4% | -15.9% |
| WTI | 2020-08-26 | [C$ eases against broadly firmer US dollar - Markets - Business Recorder](https://feedsoft.ai/events/51857-c-eases-against-broadly-firmer-us-dollar-markets-business-recorder.md) | -1.1% | -7.6% |
| WTI | 2022-07-01 | [Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/6225-palm-oil-falls-4-on-recession-fears-higher-supply-outlook-markets-business.md) | -0.9% | -6.2% |
| WTI | 2021-03-30 | [Canadian dollar slips as hedge fund jitters underpin the greenback - Markets - Business Recorder](https://feedsoft.ai/events/48365-canadian-dollar-slips-as-hedge-fund-jitters-underpin-the-greenback-markets.md) | -3.5% | +2.4% |
| WTI | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | -5.7% | -15.2% |
| MILK | 2023-01-05 | [Dairy outlook 2023: stand by for volatility to continue \| BusinessDesk](https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk.md) | -4.4% | -12.5% |
| MILK | 2017-06-27 | [Why It's Time To Sell Kiwi? : INV - Forexsites](https://feedsoft.ai/events/10594-why-it-s-time-to-sell-kiwi-inv-forexsites.md) | -4.2% | -5.1% |
| MILK | 2026-04-09 | [U.S. dairy market structure shifts to short on protein, long on butterfat, by: Corey Geiger - Dairy Producer](https://feedsoft.ai/events/19717-u-s-dairy-market-structure-shifts-to-short-on-protein-long-on-butterfat-by.md) | -1.4% | -0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40437211

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