# Australia, NZ dollars take stock after telling week for rates - Markets - Business Recorder

> The Australian and New Zealand dollars were flat on a thin US holiday session as traders weighed a diverging rate outlook. RBA Governor Michele Bullock signalled no near-term cut, with markets pricing less than a 10% chance of a move at the December meeting. The RBNZ has already cut rates by 125 basis points to 4.35%.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27658-australia-nz-dollars-take-stock-after-telling-week-for-rates-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rate divergence between Australia and New Zealand mainly moves the AUD and NZD against the USD, which feeds into currency-driven commodity and feed-import costs for Australian and NZ buyers. The effect on feed grain prices is indirect.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40335061

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