# Why has Ukraine boosted the Australian dollar? - MacroBusiness

> MacroBusiness argues that the Australian dollar has been boosted by the Ukraine war because it behaves as a coal currency rather than an oil currency. Credit Suisse noted that Asian currencies such as the Korean won and rupee were the weakest, while the Aussie was resilient. The writer attributes these moves to commodity shortages from Western sanctions on Russia rather than a US dollar liquidity squeeze.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42521-why-has-ukraine-boosted-the-australian-dollar-macrobusiness
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Sanction-driven shortages of energy and other commodities lift export prices for commodity exporters such as Australia. The currency signal reflects expected firmness in coal and iron ore, not a direct change in feed supply.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2022/03/why-has-ukraine-boosted-the-australian-dollar/

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