Australian Dollar Falls as Traders Focus on Trump's 48-Hour Ultimatum -- Market Talk

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Australian Dollar Falls as Traders Focus on Trump's 48-Hour Ultimatum -- Market Talk

Dow Jones03-23

0601 GMT - The Australian dollar falls against its U.S. counterpart in the Asian afternoon session as traders focus on President Trump's 48-hour ultimatum issued Saturday to reopen the Strait of Hormuz. "The week ahead feels like it could be very consequential for global markets as the U.S.-Iran war potentially comes to a head," Westpac Strategy Group strategists say in commentary. Trump's ultimatum "risks aggravating the escalation cycle, and bringing substantially more damage to regional energy infrastructure," they say. Australian dollar "hasn't taken these events well and is starting the week on the back foot," they add. The Australian dollar falls 0.9% to $0.6962 after earlier touching $0.6958, the lowest intraday level since March 9, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 02:01 ET (06:01 GMT)

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Trump's ultimatum \"risks aggravating the escalation cycle, and bringing substantially more damage to regional energy infrastructure,\" they say. Australian dollar \"hasn't taken these events well and is starting the week on the back foot,\" they add. The Australian dollar falls 0.9% to $0.6962 after earlier touching $0.6958, the lowest intraday level since March 9, LSEG data show. 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