{"id":658490,"date":"2026-05-08T21:29:09","date_gmt":"2026-05-08T21:29:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/658490\/"},"modified":"2026-05-08T21:29:09","modified_gmt":"2026-05-08T21:29:09","slug":"strait-of-hormuz-closure-fuels-commodity-led-rally-for-the-aussie-dollar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/658490\/","title":{"rendered":"Strait of Hormuz closure fuels commodity-led rally for the Aussie dollar"},"content":{"rendered":"<p>The Australian dollar is set to climb to US75\u00a2 as higher interest rates and surging commodity prices outweigh the uncertainty about global growth caused by the lengthening conflict in the Middle East.<\/p>\n<p>Since the conflict started on February 28, the local currency has gained 1 per cent. It is often used by traders as a measure of global growth and appetite for risk, and its performance since January has been even more striking.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The Australian dollar is set to climb to US75\u00a2 as higher interest rates and surging commodity prices outweigh&hellip;\n","protected":false},"author":2,"featured_media":658491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-658490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/658490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=658490"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/658490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/658491"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=658490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=658490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=658490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}