# Australian dollar plunges below 60 US cents for the first time since COVID - ABC News

> 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.

- Date: 2025-04-06 · published 2025-04-06T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/25401-australian-dollar-plunges-below-60-us-cents-for-the-first-time-since-covid-abc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2025-04-07/australian-dollar-plunges-below-60-us-cents/105145142

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