# Australia, NZ dollars steady, benefit from weaker US dollar - Markets - Business Recorder

> The Australian and New Zealand dollars firmed slightly against a weaker US dollar ahead of US inflation data, though Covid lockdowns in Sydney kept the Aussie under pressure. The Australian dollar traded at 0.7490, well below the month's high of 0.7599. Business conditions eased from June record highs.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46321-australia-nz-dollars-steady-benefit-from-weaker-us-dollar-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to lockdowns affect Australian export competitiveness at the margin, but the effect on grain, oilseed or feed prices is small.

## Read by commodity

- DXY: neutral
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |
| DXY | 2023-05-12 | [Dollar keeps gains as traders bet Fed headed for a pause - Markets - Business Recorder](https://feedsoft.ai/events/36144-dollar-keeps-gains-as-traders-bet-fed-headed-for-a-pause-markets-business.md) | +0.9% | +0.3% |
| DXY | 2021-02-23 | [Dollar bounces off six-week low as traders prepare for Powell - Markets - Business Recorder](https://feedsoft.ai/events/10598-dollar-bounces-off-six-week-low-as-traders-prepare-for-powell-markets-business.md) | +0.5% | +1.0% |
| DXY | 2026-08-31 | [China's yuan firms despite dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/18093-china-s-yuan-firms-despite-dollar-rebound-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2022-07-27 | [Dollar slightly lower after Fed hikes by 75 basis points - Markets - Business Recorder](https://feedsoft.ai/events/40681-dollar-slightly-lower-after-fed-hikes-by-75-basis-points-markets-business.md) | -0.7% | +0.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40106891

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