# Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder

> The Australian and New Zealand dollars eased slightly from highs on Friday but were on track for solid weekly gains as risk appetite was supported by the Federal Reserve's accommodative stance. The AUD was near $0.7734 and the NZD near $0.7157.

- Date: 2021-04-16 · published 2021-04-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar and firmer commodity-linked currencies can support dollar-denominated grain and oilseed prices, though the effect on feed markets is modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-29 | [Australia, NZ dollars rally for second week, bond yields tumble - Markets - Business Recorder](https://feedsoft.ai/events/40738-australia-nz-dollars-rally-for-second-week-bond-yields-tumble-markets-business.md) | -0.2% | +0.8% |
| DXY | 2022-01-13 | [Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder](https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business.md) | +0.1% | +0.2% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2023-05-22 | [Australia, NZ dollars get a reprieve after dovish Powell, await RBNZ - Markets - Business Recorder](https://feedsoft.ai/events/36206-australia-nz-dollars-get-a-reprieve-after-dovish-powell-await-rbnz-markets.md) | +0.7% | -0.7% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40085070

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