# Australia, NZ dollars pause for breath - Markets - Business Recorder

> The Australian and New Zealand dollars fell about 0.3% from three-week highs on Tuesday as renewed global inflation fears strengthened the US dollar. Aussie traded near 0.7178 and kiwi near 0.6536, with investors awaiting Australian Q1 GDP data.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41650-australia-nz-dollars-pause-for-breath-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer US dollar and weaker Aussie reduce the purchasing power of Australian buyers and modestly weigh on Australian export competitiveness for commodities like barley and canola meal; the impact on feed prices is limited.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40176809

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