The Reserve Bank of Australia took its turn in the global central bank limelight during Tuesday’s Asian session when it pared Australia’s benchmark interest rate by 25 basis points to a record low of 2.25%.

RBA’s decision sent the Australian dollar down 1.7% against its U.S. counterpart. Trading around 76 cents against the greenback, the Aussie is close to reaching RBA Governor Glenn Stevens’s goal of 75 cents against the U.S. dollar.

The news is likely to affect the CurrencyShares Australian Dollar Trust (NYSEArca: FXA), an ETF that finds itself in an already precarious position following a spate of previous RBA rate cuts and amid a global rout in commodities prices. Due to Australia’s status as a major gold-producing nation, FXA should be a beneficiary of higher gold prices, but that hasn’t been the case this year as the Aussie ETF has tumbled 4.5% even as gold prices have risen. [Eyes on the Aussie ETF]

With Stevens and the RBA eying further downside for the Aussie, the ProShares UltraShort Australian Dollar (NYSEArca: CROC) merits consideration. CROC, which attempts to deliver twice the daily inverse performance of the AUD/USD pair, is up 8.5% this year.

“Commodity prices have continued to decline, in some cases sharply. The price of oil in particular has fallen significantly over the past few months. These trends appear to reflect a combination of lower growth in demand and, more importantly, significant increases in supply,” according to a statement from RBA.

After falling 4.7% last year, the iShares MSCI Australia ETF (NYSEArca: EWA), the largest Australia ETF, is up nearly 1% this year. With a combined weight of almost 20% to the materials and energy sectors, EWA has been hampered by declining commodities prices, which have trumped the steadily falling Aussie.

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