# Australia, NZ dollars worn down by geopolitical risk - Markets - Business Recorder

> The Australian and New Zealand dollars fell about 0.7% on Monday as the escalating Russia-Ukraine crisis clouded global growth and inflation outlooks. The euro slid to a 15-week low against the Australian dollar. Higher commodity prices offered some support to the Aussie as a net energy exporter.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42947-australia-nz-dollars-worn-down-by-geopolitical-risk-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves of this kind affect the cost of imported feed inputs for buyers in the region; a weaker AUD tends to raise local costs for imported commodities and can shift export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40157610

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