# Aussie, kiwi move higher - Business & Finance - Business Recorder

> The Australian dollar rose on Monday toward a second consecutive monthly gain ahead of the Reserve Bank of Australia's June policy meeting. The New Zealand dollar also edged higher after the RBNZ signalled possible rate rises as early as mid-next year.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47330-aussie-kiwi-move-higher-business-and-finance-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves shift the relative cost of Australian barley, wheat and canola exports for feed buyers; a firmer AUD tends to slightly reduce Australian export competitiveness.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40096709

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