# Australia, NZ dollars undone by risk aversion, jobs data - Markets - Business Recorder

> The Australian and New Zealand dollars fell on global risk aversion linked to Middle East tensions and weak domestic jobs data. Employment rose only 6,700 in September against expectations of 20,000 or more, and Australian 10-year yields hit their highest since 2011.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33882-australia-nz-dollars-undone-by-risk-aversion-jobs-data-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Risk-off flows and weaker AUD and NZD reflect a stronger US dollar backdrop, with minimal direct effect on feed grain or protein prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40268927

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