# Australia, NZ dollars on edge for uber-hawkish Fed - Business & Finance - Business Recorder

> The Australian and New Zealand dollars fell ahead of an expected aggressive Federal Reserve tightening signal. The Aussie traded near $0.7190, well below its recent four-month high. Oil fell toward $100 a barrel on Iran deal hopes, and iron ore dropped on Chinese lockdown concerns.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42520-australia-nz-dollars-on-edge-for-uber-hawkish-fed-business-and-finance-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected US rate hikes and softer iron ore and oil prices weigh on commodity currencies and dollar-priced exports. The move is a currency and macro story with little direct effect on feed prices.

## Read by commodity

- WTI: bearish ▼
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |
| WTI | 2022-03-29 | [Canadian dollar set to snap winning streak - Business & Finance - Business Recorder](https://feedsoft.ai/events/42498-canadian-dollar-set-to-snap-winning-streak-business-and-finance-business.md) | -3.5% | -4.4% |
| WTI | 2021-11-22 | [Canadian dollar weekly losing streak continues - Business & Finance - Business Recorder](https://feedsoft.ai/events/44266-canadian-dollar-weekly-losing-streak-continues-business-and-finance-business.md) | -8.2% | -9.9% |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |
| WTI | 2026-10-21 | [Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters](https://feedsoft.ai/events/17330-dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba.md) | -0.7% | — |

## Sources

- brecorder.com: https://www.brecorder.com/news/40161199

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