Will the decline in crude oil prices cause Oceania currencies to fall?

Will the decline in crude oil prices cause Oceania currencies to fall?

20.09.2021

Last weekend, the three major U.S. stock indices all fell, resulting in a market environment characterized by falling stock prices, rising interest rates, and lower oil prices. The VIX (fear index) rose again, surpassing the key 20-point threshold to reach 20.8. The Russell 2000 recovered toward the close and is trading around 2,236.

In the foreign exchange market, the Australian dollar—a commodity-linked currency—is facing resistance at higher levels amid falling crude oil prices, and the downward trend continues. The AUD/USD pair has fallen for three consecutive days, dropping from last Friday’s high of 0.731 to 0.723, and has continued to slide significantly during today’s Asian trading session. From a technical perspective, it will be important to closely monitor whether the pair finds support at the recent low of 0.714.

Apart from the German Producer Price Index at 3:00 PM, the Canadian Housing Price Index at 9:30 PM, and the U.S. NAHB Housing Market Index at 11:30 PM, no other major economic indicators or key speeches are scheduled for today.This week, Chinese markets will be closed through the 22nd for the Mid-Autumn Festival. Additionally, the U.S. FOMC meeting is scheduled for Wednesday the 22nd, the UK interest rate announcement for Thursday the 23rd, and U.S. new home sales data for Friday the 24th. We should keep an eye on crude oil price movements and closely monitor price action at the start of the week.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed