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The Australian dollar rose as copper futures hit a record above $5.20 per pound on Comex. Bloomberg reported that Trump could accelerate tariffs on US copper imports, potentially within weeks.
Australia's 2025/26 budget also proposed about A$17.1 billion in tax cuts.
Copper tariff acceleration boosts Australian export revenue expectations and supports the AUD, while the tariff drive reflects broader US trade policy that adds volatility to commodity flows.
fxstreet.comAkhtar FaruquiMar 26, 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.
