# Australia dollars bulls bank their gains, await clarity on Ukraine - Markets - Business Recorder

> The Australian and New Zealand dollars paused after a month of large gains as markets awaited signs that Russia would de-escalate in Ukraine. The Aussie held near $0.7510 after reaching five-month highs against the US dollar. Russian de-escalation talk lifted risk sentiment but eased energy prices.

- Date: 2022-03-30 · published 2022-03-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42515-australia-dollars-bulls-bank-their-gains-await-clarity-on-ukraine-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Aussie raises the cost of Australian commodity exports in US dollar terms, which can weigh modestly on sentiment for resource prices. The move is mainly a currency story with limited direct effect on feed ingredient prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40163993

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