31 March 2026
Key Developments Affecting the Qatari Riyal (QAR):
- Iranian Military Strikes: Since 28 February 2026, Iran has launched multiple missile strikes on Qatar, including an attack on Hamad International Airport. Qatar's air defenses have intercepted several missiles, and the Qatari military has downed two Iranian Su-24 bombers. These events have led to the temporary closure of Qatar's airspace and disruptions in air travel. (en.wikipedia.org)
- Energy Sector Impact: In response to the conflict, Qatar declared Force Majeure on its gas contracts, halting liquefied natural gas (LNG) production. This decision has caused a significant rise in global gas prices. (en.wikipedia.org)
- Exchange Rate Stability: The Qatari riyal remains pegged to the US dollar at a fixed rate of 1 USD = 3.64 QAR, as established by Royal Decree No.34 of 2001. (en.wikipedia.org)
These developments have introduced volatility in the region, potentially influencing the QAR's exchange rate.
Weekly AUD FX Market Update
Updated 18 Jul 2026 • 23:45 GMT
The Australian Dollar (AUD) remains in a critical position as it attempts to maintain gains against the US dollar (USD), with mixed signals shaping its outlook. Despite struggling to break past the 0.7000 mark, the AUD's support remains intact, bolstered by steady domestic demand and a cautious approach from the Reserve Bank of Australia (RBA). Meanwhile, a strong US dollar and ongoing geopolitical tensions present challenges, limiting the AUD's upward momentum and maintaining a bearish near-term bias.
Key watchpoints
- Monitor price action around the 0.7000 resistance level and 200-day SMA at 0.6880 for future AUD/USD movement.
- Assess the impact of domestic economic indicators and RBA policy on the AUD's strength and stability.
- Stay informed on the influence of global geopolitical developments and US dollar fluctuations on AUD performance.