# Australia, NZ dollars off highs, 10-yr yields hit six-month top - Markets - Business Recorder

> The Australian and New Zealand dollars pulled back from highs on Friday as markets priced in an earlier Federal Reserve tapering of asset purchases. Australian 10-year yields reached 1.09%, their highest in six months.

- Date: 2021-01-08 · published 2021-01-08T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49410-australia-nz-dollars-off-highs-10-yr-yields-hit-six-month-top-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rising US rate expectations and Treasury yields tend to strengthen the dollar and weigh on commodity-linked currencies. Feed buyers see only indirect effects through dollar-denominated commodity prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40048988

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