# Australia, NZ dollars resilient as US yields surge - Markets - Business Recorder

> The Australian and New Zealand dollars held steady on Tuesday even as US yields hit 16-year highs and supported the greenback. The Aussie traded between 64 and 65 US cents over the prior two weeks, and the kiwi was near $0.5968. Analysts said the US dollar's bull market was not yet over.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34381-australia-nz-dollars-resilient-as-us-yields-surge-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves shift the relative cost of Australian and New Zealand exports, which can affect feed grain and dairy pricing. The stable Aussie limits any immediate effect on feed markets.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-20 | [Australia, NZ dollars give ground as yield buffer shrinks - Markets - Business Recorder](https://feedsoft.ai/events/39838-australia-nz-dollars-give-ground-as-yield-buffer-shrinks-markets-business.md) | +2.8% | +2.3% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2024-12-31 | [Australia, NZ dollars see out tough year, more risk ahead - Markets - Business Recorder](https://feedsoft.ai/events/27214-australia-nz-dollars-see-out-tough-year-more-risk-ahead-markets-business.md) | -0.2% | -0.4% |
| DXY | 2016-11-13 | [Australia, NZ dollars hit 1-month lows as USD, US bond yields surge - The Business Times](https://feedsoft.ai/events/74098-australia-nz-dollars-hit-1-month-lows-as-usd-us-bond-yields-surge-the-business.md) | +1.4% | +0.8% |
| DXY | 2021-08-30 | [Australia, NZ dollars weighed by COVID-19, Fed prospects - Markets - Business Recorder](https://feedsoft.ai/events/45799-australia-nz-dollars-weighed-by-covid-19-fed-prospects-markets-business-recorder.md) | -0.7% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40265134

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