# Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder

> The Australian and New Zealand dollars rose after US inflation came in no hotter than expected, triggering liquidation of long US dollar positions. Markets implied roughly an 80% chance of a Federal Reserve rate hike as early as March.

- Date: 2022-01-13 · published 2022-01-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer dollar on inflation data supports dollar-priced commodities and eases import costs for Asian buyers, though the market's firm expectations for Fed tightening limit the downside for the dollar.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| DXY | 2022-07-29 | [Australia, NZ dollars rally for second week, bond yields tumble - Markets - Business Recorder](https://feedsoft.ai/events/40738-australia-nz-dollars-rally-for-second-week-bond-yields-tumble-markets-business.md) | -0.2% | +0.8% |
| DXY | 2023-05-22 | [Australia, NZ dollars get a reprieve after dovish Powell, await RBNZ - Markets - Business Recorder](https://feedsoft.ai/events/36206-australia-nz-dollars-get-a-reprieve-after-dovish-powell-await-rbnz-markets.md) | +0.7% | -0.7% |
| DXY | 2020-07-31 | [Aussie, kiwi break big barriers - Markets - Business Recorder](https://feedsoft.ai/events/52388-aussie-kiwi-break-big-barriers-markets-business-recorder.md) | -0.3% | -0.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40146846

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