# Australian dollar set to seal best year since 2010, NZ$ lags - Times of News

> The Australian dollar was on track for its best annual gain since 2010, trading near US$0.7802 with strong iron ore and copper prices. Analysts warned that narrowing Australia-US yield differentials could weigh on the currency next year.

- Date: 2017-12-29 · published 2017-12-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67729-australian-dollar-set-to-seal-best-year-since-2010-nz-lags-times-of-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency strength alongside high metals prices is a macro backdrop with limited direct grain impact, though a firmer Aussie can marginally reduce Australian export competitiveness for grain.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/australian-dollar-set-to-seal-best-year-since-2010-nz-lags.html

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