# Aussie, kiwi up - Business & Finance - Business Recorder

> The Australian and New Zealand dollars edged higher on Monday after recent losses against the greenback, which had been lifted by hawkish Federal Reserve comments. The Aussie stayed near a six-month low, and a 5% drop in iron ore prices pressured it. Australian and New Zealand bond yields moved lower.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46851-aussie-kiwi-up-business-and-finance-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger US dollar after the Fed's hawkish shift weighs on dollar-priced commodities and currencies of commodity exporters. This is routine currency and iron ore commentary with no new grain-specific cause.

## Sources

- brecorder.com: https://www.brecorder.com/news/40101891

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