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The Australian dollar fell below 60 US cents for the first time since COVID-19 and had its biggest daily fall in 17 years. The drop followed Trump's sweeping tariff announcement, which raised fears of a global recession and triggered stock sell-offs.
A sharply weaker Aussie makes Australian exports cheaper and can support demand for Australian grains and meals. It also signals heightened global recession risk that could weigh on commodity demand.
abc.net.auMichael Janda, Emilia TerzonApr 6, 2025Not enough comparable past events yet for a historical read.
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.
