Australian dollar at risk of sudden fall

Thursday 19 February 2026

DXY was strong last night, likely because the situation with Iran is coming to a head. It refuses to break down technically.

AUD was quite weak, chasing JPY and CNY.

Oil popped with gold.

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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.