# Australia, NZ dollars sent reeling as China worries shake commodities - Markets - Business Recorder

> The Australian and New Zealand dollars fell sharply as concerns over COVID lockdowns in China cut Chinese demand and dragged down commodity prices. Iron ore was particularly hard hit, and the Aussie dropped to a two-month low near $0.7185.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: geopolitics · region China · magnitude low
- Page: https://feedsoft.ai/events/42091-australia-nz-dollars-sent-reeling-as-china-worries-shake-commodities-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker Chinese demand for industrial and agricultural commodities pressures prices and reflects lower Chinese import appetite, including for feed grains and meal. Currency weakness in commodity exporters can also shift export pricing.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40169527

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