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

> The Australian and New Zealand dollars held firm after US President-elect Joe Biden unveiled a $1.9 trillion stimulus package. The Aussie reached its highest level since late 2018 against the euro and yen.

- Date: 2021-01-15 · published 2021-01-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49409-aussie-kiwi-up-business-and-finance-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of US fiscal stimulus support global growth and resource prices, which tends to lift commodity-linked currencies. The effect on feed markets is indirect.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40052162

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