# Aussie, kiwi break big barriers - Markets - Business Recorder

> The Australian and New Zealand dollars reached fresh highs against the US dollar on Friday, with the Aussie hitting a 17-month peak. NAB raised its Aussie and kiwi forecasts and sees a multi-year US dollar downtrend. The moves followed a weaker US dollar after President Trump suggested delaying the November election.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52388-aussie-kiwi-break-big-barriers-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 and stronger Aussie raise the cost of US-priced imports for Australian and NZ buyers while making US-origin feed ingredients relatively cheaper for them. Dollar weakness can also support dollar-denominated grain and oilseed prices.

## 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 | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| DXY | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | -0.3% | +1.5% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40009325

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