Apr 07, 2026 (The Australian Financial Review - ABIX via COMTEX) --
The Australian dollar has fallen by less than three per cent against its US counterpart since the start of the Iran war; it has also fallen by only two per cent against a basket of currencies of Australia's major trading partners. The dollar peaked at a four-year high of $US0.7151 in mid-March, and is currently fetching arond $US0.69. It has benefited from Australia's status as a major exporter of gas and coal, amid the global ructions arising from the effective closure of the Strait of Hormuz. The dollar has also been boosted by the carry trade, given that Australia is the only member of the G10 nations to have increased official interest rates since the war began..
Publication Date: 8 April 2026
COMTEX_476781584/2229/2026-04-07T22:04:31
By Cecile Lefort
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