# Australia, NZ dollars struggle to lift, eyeing US PCE data - Markets - Business Recorder

> The Australian and New Zealand dollars struggled to recover from three-week lows after strong US data, including an unexpected fall in jobless claims and upward revised first-quarter GDP, boosted expectations of further Federal Reserve tightening. Traders awaited the US PCE inflation reading, and the onshore yuan hit an eight-month low amid weak Chinese factory data.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35752-australia-nz-dollars-struggle-to-lift-eyeing-us-pce-data-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer US dollar and weaker Chinese demand signals pressure on Australia's commodity export earnings, a modest headwind for commodity prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40250433

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