# Australia, NZ dollars in tight bands awaiting clues on inflation - Markets - Business Recorder

> The Australian and New Zealand dollars held tight ranges on Tuesday as investors looked for signs of inflation. The AUD was trading at $0.7786 within a range that has held since mid-April, supported by high commodity prices.

- Date: 2021-05-18 · published 2021-05-18T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47341-australia-nz-dollars-in-tight-bands-awaiting-clues-on-inflation-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Commodity-linked currency strength makes Australian grain exports pricier abroad, a small factor in world feed grain pricing.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40093110

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