# Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder

> The Australian and New Zealand dollars rose to multi-year highs as the US dollar weakened broadly. Investors cited Covid-19 vaccine rollouts and additional US fiscal stimulus, and the article notes Australian iron ore earnings hit a record.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker US dollar tends to support dollar-priced commodities, including grains and oilseeds, though the effect on feed prices here is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| 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 | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.3% | +1.3% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40045798

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