# Australia, NZ dollars hit four-month highs, eyes on RBA - Markets - Business Recorder

> The Australian and New Zealand dollars hit four-month highs on December 4, with the Aussie touching $0.6690 and the kiwi reaching $0.6222. Gains were driven by bets on early and aggressive Fed rate cuts, with futures pricing about 125 basis points of cuts for 2024.

- Date: 2023-12-04 · published 2023-12-04T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32983-australia-nz-dollars-hit-four-month-highs-eyes-on-rba-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of a weaker US dollar support dollar-priced commodities and can lift Australian and New Zealand export-linked sentiment, though the move is currency-driven rather than supply-driven.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40276610

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