# Australia, NZ dollars find support, market ponders rate outlook - Markets - Business Recorder

> The Australian and New Zealand dollars found modest support as Treasury yields fell. The Aussie traded near $0.6498 after a four-month low of $0.6434, and the kiwi held near $0.5895 after the RBNZ cut rates by 50 basis points to 4.25%. Markets are pricing diverging rate paths between the two countries.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27659-australia-nz-dollars-find-support-market-ponders-rate-outlook-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves in AUD and NZD shift the import cost of feed ingredients and influence Australian export competitiveness for grains and meat. The impact on commodity prices is limited and mostly indirect.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40334845

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