# Australia, NZ dollars find comfort in rising resource prices - Markets - Business Recorder

> The Australian and New Zealand dollars held firm on Tuesday as strength in global commodity prices offset unease over Russia's incursion into eastern Ukraine. Markets expected the Reserve Bank of New Zealand to raise rates by a quarter point to 1.0% on Wednesday, with about a one-in-three chance of a half-point move.

- Date: 2022-02-22 · published 2022-02-22T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42951-australia-nz-dollars-find-comfort-in-rising-resource-prices-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher commodity prices support commodity-currency demand and reflect rising energy and input costs for feed buyers, while RBNZ tightening raises borrowing costs for regional livestock operations.

## Read by commodity

- AUDUSD: neutral
- NATGAS: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40156186

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