# Australia, NZ dollars near multi-week peak on metals, carry trades - Times of News

> The Australian and New Zealand dollars edged up near multi-week highs as copper held near a four-year peak and a softer US dollar encouraged carry trades. Oil was close to a 2.5-year high at the time.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67730-australia-nz-dollars-near-multi-week-peak-on-metals-carry-trades-times-of-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Routine currency commentary driven by metals and the US dollar; it has little direct effect on feed grain or meal supply and demand.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/australia-nz-dollars-near-multi-week-peak-on-metals-carry-trades.html

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