# Australia, NZ dollars keep rally going as data-fest looms - Markets - Business Recorder

> The Australian and New Zealand dollars extended a two-week rally on Monday as investors cut US dollar long positions ahead of key data. The Aussie rose 0.3% to 0.7180, and markets priced in RBA hikes in June, July and August.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41656-australia-nz-dollars-keep-rally-going-as-data-fest-looms-markets-business
- 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 stronger Aussie makes Australian grain and meal exports more expensive for Asian buyers, a modest bearish factor for Australian barley and sorghum offers.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40176546
- brecorder.com: https://www.brecorder.com/news/40176683

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