# Aussie, kiwi rally stalls - Business & Finance - Business Recorder

> The Australian and New Zealand dollars paused a multi-week rally as commodity prices cooled and Antipodean bond selloffs eased after the RBA intervened to defend its yield target. The Aussie traded near 0.7472 after news that China Evergrande would avoid default and that a Melbourne lockdown had ended.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44818-aussie-kiwi-rally-stalls-business-and-finance-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The pause in the Aussie rally is seen as a rebalancing rather than a new trend, so the currency offers limited near-term signal for Australian export pricing of grains and oilseeds.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40128445

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