Weekly FX Update
30 March 2026
What’s Driving Markets This Week
- Oil still calling the shots — staying near recent highs (and unfortunately not getting any cheaper at the pump)
- US dollar holding strong — supported by steady data and inflation concerns
- Markets cautious but calm-ish — no panic, but everyone’s watching the headlines closely
What’s Happening
Global markets are still being influenced by rising oil prices and geopolitical tensions. Higher energy costs are increasing inflation concerns, which is helping keep the US dollar strong.
The Australian dollar is moving within a relatively tight range and is slightly under pressure due to the stronger USD.
This week, markets will be watching key US economic data, which could move currencies further.
Key Exchange Rates (approx.)
| Pair | Level | |
| AUD/USD | ~0.70 | |
| AUD/EUR | ~0.61 | |
| AUD/GBP | ~0.53 | |
| AUD/JPY | ~111 | |
| AUD/NZD | ~1.19 | |
| (Translation: not much drama — ranges are holding for now.) | ||
Commodities Snapshot
- Oil: around $100/bbl (still expensive, still important)
• Gold: around $5,100 (safe haven still in demand)
• Iron Ore: around $100/t (keeping AUD supported… just not strongly enough)
Key Economic Events This Week (Sydney Time)
| Day | Date | Time | Event | Why It Matters |
| Wednesday | 2 Apr | 11:30 PM | US ADP Employment | Early signal for jobs market |
| Thursday | 3 Apr | 11:30 PM | US Jobless Claims | Labour market health |
| Friday | 4 Apr | 11:30 PM | US Non-Farm Payrolls | Big one — can move markets |
|
|
AUD Outlook
The Australian dollar is expected to stay within a 0.69 – 0.71 range this week.
What will move it:
- US data (especially jobs)
• Oil prices
• Any surprise geopolitical headlines
Quick Take (for busy readers)
👉 USD strong
👉 AUD stable but not exciting
👉 Big focus: US jobs data this week