Australian Dollar Weakens

2026-03-24 03:26 By Czyrill Jean Coloma 1 min. read

The Australian dollar weakened to around $0.69 on Tuesday, erasing gains from the previous session as market sentiment turned cautious after Iran denied holding talks with the US.

President Donald Trump announced a five-day delay to planned military strikes on Iranian power and energy infrastructure, but Tehran denied any talks with Washington and accused claims of negotiations of distorting markets.

Disappointing business activity data added further pressure on the Aussie, with the manufacturing PMI slipping to a five-month low of 50.1 in March 2026, while the services PMI recorded its first contraction since January 2024, at 46.6.

Investors are now eyeing Wednesday’s inflation report for clues on the monetary policy outlook amid uncertainties stemming from ongoing Middle East tensions.

Meanwhile, the European Union and Australia sealed a free-trade deal, ending nearly a decade of talks to strengthen ties and uphold a rules-based order challenged by the Trump administration.



News Stream
Australian Dollar Weakens
The Australian dollar weakened to around $0.69 on Tuesday, erasing gains from the previous session as market sentiment turned cautious after Iran denied holding talks with the US. President Donald Trump announced a five-day delay to planned military strikes on Iranian power and energy infrastructure, but Tehran denied any talks with Washington and accused claims of negotiations of distorting markets. Disappointing business activity data added further pressure on the Aussie, with the manufacturing PMI slipping to a five-month low of 50.1 in March 2026, while the services PMI recorded its first contraction since January 2024, at 46.6. Investors are now eyeing Wednesday’s inflation report for clues on the monetary policy outlook amid uncertainties stemming from ongoing Middle East tensions. Meanwhile, the European Union and Australia sealed a free-trade deal, ending nearly a decade of talks to strengthen ties and uphold a rules-based order challenged by the Trump administration.
2026-03-24
Australian Dollar Hits 6-week Low
AUDUSD decreased to 0.69, the lowest since February 2026. Over the past 4 weeks, Australian Dollar US Dollar lost 1.59%, and in the last 12 months, it increased 10.49%.
2026-03-23
Aussie Dollar Hits 8-Week Low
The Australian dollar depreciated past $0.69 on Monday, extending last week’s losses and hitting its lowest level in eight weeks, as a stronger greenback and declining Asian stocks weighed on the risk-sensitive currency. The greenback drew broad support from safe-haven demand amid escalating tensions in the Middle East. US President Trump threatened strikes on Iranian power plants if the Strait of Hormuz remains closed, while Tehran warned it would target key US and Israeli assets. Adding to the Australian dollar’s pressure were falling Asian stocks, reflecting growing concerns about the broader economic fallout from the Middle East conflict and dampening appetite for the commodity-linked Aussie. Domestically, investors now await Wednesday’s inflation data following the RBA’s narrowly approved rate hike to 4.1%. It marked the first back-to-back interest rate increase since mid-2023 and reversed two of last year’s three cuts as the RBA seeks to rein in persistent inflation.
2026-03-23