What now for the Australian dollar?

Wednesday 25 March 2026

DXY has been fading with peace rumours rising.

AUD is stuck in the 70 cents range. North Asian support is mixed and confused by the safe-haven buying of JPY.

Gold is a massacre, as it always is in these crises. Brent and WTI are the playthings of the Madman. Dubai crude is still around $132.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.