# Australia, NZ dollars weighed by COVID-19, Fed prospects - Markets - Business Recorder

> The Australian and New Zealand dollars slipped on Monday as COVID restrictions weighed on sentiment and traders weighed the Fed's path to rate hikes. The Aussie was on track for a 0.55% monthly fall, its third straight. Powell said the Fed could begin cutting its asset purchases this year if recovery continues.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/45799-australia-nz-dollars-weighed-by-covid-19-fed-prospects-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed tapering and a stronger USD tend to pressure commodity currencies and dollar-denominated commodity prices. The effect on feed markets is indirect.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Australia, NZ dollars resilient as US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/34381-australia-nz-dollars-resilient-as-us-yields-surge-markets-business-recorder.md) | +0.8% | +1.3% |
| DXY | 2022-09-20 | [Australia, NZ dollars give ground as yield buffer shrinks - Markets - Business Recorder](https://feedsoft.ai/events/39838-australia-nz-dollars-give-ground-as-yield-buffer-shrinks-markets-business.md) | +2.8% | +2.3% |
| DXY | 2024-12-31 | [Australia, NZ dollars see out tough year, more risk ahead - Markets - Business Recorder](https://feedsoft.ai/events/27214-australia-nz-dollars-see-out-tough-year-more-risk-ahead-markets-business.md) | -0.2% | -0.4% |
| DXY | 2024-10-29 | [Australian dollar undermined by rising US yields ahead of inflation test - Markets - Business Recorder](https://feedsoft.ai/events/28120-australian-dollar-undermined-by-rising-us-yields-ahead-of-inflation-test.md) | -0.2% | +2.1% |
| DXY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +1.4% | +1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116651

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