# Australia, NZ dollars recover from bond market tumult - Markets - Business Recorder

> The Australian and New Zealand dollars recovered on Monday after a global bond sell-off hit riskier currencies late the previous week. Australian 10-year yields eased to 1.64% after reaching 1.97% on Friday, the highest since May 2019.

- Date: 2021-03-01 · published 2021-03-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/48360-australia-nz-dollars-recover-from-bond-market-tumult-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency swings in commodity-linked currencies affect Australian export pricing for barley and other feed grains, but the move reflects financial market conditions rather than a change in grain supply or demand.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40069004

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