# NZ dollar sinks to lowest level for 2018 as market anticipates upbeat Fed | BusinessDesk

> The New Zealand dollar fell to its lowest level of 2018 as markets anticipated an upbeat Federal Reserve statement. The US dollar index rose to its highest level in almost four months after strong US data and March PCE inflation of 2 percent.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65694-nz-dollar-sinks-to-lowest-level-for-2018-as-market-anticipates-upbeat-fed
- 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 firmer US dollar tied to expected Fed hikes tends to weigh on dollar-denominated commodity prices and can affect export competitiveness across Oceania and other origins.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.9% | +1.5% |
| DXY | 2025-09-26 | [Dollar holds gains as attention turns to spending data for Fed clues - Markets - Business Recorder](https://feedsoft.ai/events/23082-dollar-holds-gains-as-attention-turns-to-spending-data-for-fed-clues-markets.md) | -0.1% | +0.3% |
| DXY | 2017-05-03 | [Dollar Inches up as Fed Eyed for June Rate Steer \| Fox Business](https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business.md) | +0.6% | -1.2% |
| DXY | 2021-03-19 | [US dollar gains after Fed moves to lift key bank leverage rule - Markets - Business Recorder](https://feedsoft.ai/events/48312-us-dollar-gains-after-fed-moves-to-lift-key-bank-leverage-rule-markets-business.md) | +1.1% | -0.1% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/news/nz-dollar-sinks-to-lowest-level-for-2018-as-market-anticipates-upbeat-fed/IUQGO3YLEJM4VOYMBGZYYBRT6M/

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