# Australia, NZ dollars edge up on commodity, yield attraction - Times of News

> The Australian and New Zealand dollars edged higher on November 28 as firmer commodity prices and relatively high bond yields supported carry trades. The Aussie rose to US$0.7456 from a low of US$0.7400 the prior Friday. Iron ore futures in China rose 3.5 percent.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74100-australia-nz-dollars-edge-up-on-commodity-yield-attraction-times-of-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Firmer Aussie currency and commodity prices slightly raise the US-dollar cost of Australian grain and barley exports. The effect on feed prices is small and short-lived.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/australia-nz-dollars-edge-up-on-commodity-yield-attraction.html

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