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The Australian dollar fell to around $0.685, its lowest since January, after a seventh straight session of losses driven by higher energy prices and safe-haven US dollar demand. Australia's prime minister announced a temporary cut to fuel taxes.
Energy-driven risk aversion strengthens the USD against commodity currencies and the fuel tax cut shows rising energy cost pressure on farm and freight logistics.
tradingeconomics.comJoshua FerrerMar 30, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
