# Australia, NZ dollars energised as China optimism boosts risk, resources - Markets - Business Recorder

> The Australian and New Zealand dollars rose to near multi-month highs on hopes of stronger Chinese stimulus. Iron ore lifted above $100 a metric ton as the prospect of Chinese demand revival boosted commodities. The Aussie was held near $0.6889 with resistance at the 19-month high.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/28576-australia-nz-dollars-energised-as-china-optimism-boosts-risk-resources-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Chinese stimulus expectations lift commodity demand sentiment, which is supportive for industrial metals and resource currencies; for feed buyers the link to grain and meal prices is indirect.

## Read by commodity

- AUDUSD: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.6% | -0.6% |
| USDCNY | 2026-04-28 | [China's yuan steady as traders await Fed meet - Markets - Business Recorder](https://feedsoft.ai/events/19949-china-s-yuan-steady-as-traders-await-fed-meet-markets-business-recorder.md) | +0.1% | -0.5% |
| USDCNY | 2023-02-01 | [China’s yuan steadies ahead of Fed decision - Markets - Business Recorder](https://feedsoft.ai/events/37554-china-s-yuan-steadies-ahead-of-fed-decision-markets-business-recorder.md) | +0.5% | +1.7% |
| USDCNY | 2023-09-22 | [China’s yuan bounces on state bank support, offshore tightness - Markets - Business Recorder](https://feedsoft.ai/events/34329-china-s-yuan-bounces-on-state-bank-support-offshore-tightness-markets-business.md) | -0.1% | +0.1% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40324333

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