Weekly FX Update
13 April 2026
What’s Driving Markets This Week
- US dollar still strong — supported by stable economic data and ongoing inflation concerns
- Oil prices steady — keeping pressure on inflation but no new spikes
- Markets relatively calm — fewer surprises, but still sensitive to global news
What’s Happening
Markets are starting the week on a relatively stable footing, with fewer geopolitical shocks compared to previous weeks.
The US dollar remains firm, supported by consistent economic data and expectations that interest rates may stay higher for longer.
The Australian dollar is holding around the 0.70 level, but continues to struggle to break higher due to USD strength.
Overall, markets are in a holding pattern, waiting for the next major data releases to provide direction.
Key Exchange Rates (approx.)
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Commodities Snapshot
| • Oil: around $95–$100/bbl • Gold: around $5,000–$5,100/oz • Iron Ore: around $100/t |
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Key Economic Events This Week (Sydney Time)
| Day | Date | Time | Event | Why It Matters |
| Wednesday | 16 Apr | 11:30 PM | US Retail Sales | Indicates consumer strength |
| Thursday | 17 Apr | 11:30 PM | US Jobless Claims | Labour market signal |
| Friday | 18 Apr | 11:30 PM | US Industrial Production | Economic activity indicator |
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AUD Outlook
The Australian dollar is expected to remain in a 0.69 – 0.71 range this week.
Key drivers:
- US economic data
• Commodity prices
• Global market sentiment
Quick Take (for busy readers)
👉 USD remains firm
👉 AUD stable but capped
👉 Markets waiting for next catalyst