AUD/USD is the exchange rate of the Australian dollar against the US dollar. It is considered a classic commodity currency and a favoured proxy for global growth and Chinese demand. Australia is a major exporter of iron ore, coal, and gas, so the Australian dollar tends to rise with commodity prices and risk appetite, and fall when China slows or markets turn defensive. Its relatively high yield also makes it a popular carry-trade target.
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Why is Australian Dollar/US Dollar FX Spot Rate (AUDUSD.FOREX) moving?
AUD Falls on Fed Bets, Trade Deficit; RBA Hawkishness Offers Support
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Fed rate hike bets lift USD, pressuring AUD Traders now see a strong chance the US Federal Reserve raises interest rates by September, pushing the US dollar to a one-year high. A stronger dollar means one Australian dollar buys fewer US dollars, so AUDUSD falls.
This is the main new force driving the pair lower this period.
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Australia posts shock trade deficit Australia unexpectedly swung to a AUD 3.02 billion trade deficit in May, its widest since 2015, as exports fell and imports hit a record. Weaker trade means less foreign demand for Australian dollars, pushing AUDUSD down.
A fresh, concrete economic data point that directly weighs on the currency.
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RBA signals readiness to act on inflation RBA Assistant Governor Sarah Hunter said the central bank will intervene as needed to bring inflation back to target. That hints at higher interest rates ahead, which would make the Australian dollar more attractive and support AUDUSD.
This is the main counterweight that could push the pair higher.
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Yen intervention fears add to risk aversion The Japanese yen strengthened on fears of government intervention, and the risk-sensitive Australian dollar weakened against it. When investors avoid risk, they tend to sell the Aussie and buy safer currencies like the US dollar, dragging AUDUSD lower.
Shows a broader risk-aversion theme that reinforces downward pressure on AUD.
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RBA hikes to 15-year high, but Fed divergence looms over AUD
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RBA raises rates to 4.60%, signals more may come The Reserve Bank of Australia lifted its policy rate to 4.60%, a 15-year high, and kept the door open to further tightening. Higher rates make Australian bonds more attractive, drawing foreign capital and supporting the Australian dollar.
This is the period's biggest new event directly boosting AUDUSD.
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IMF urges RBA to stay ready to hike, inflation risks persist The IMF advised the RBA to be prepared to raise rates further to contain inflation, even as it cut Australia's growth forecast. This reinforces expectations of tighter policy, which supports the Australian dollar by keeping yields high.
New external endorsement of RBA tightening adds to the positive rate outlook for AUD.
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Australian bond yields set to fall below US yields Australian 10-year bond yields are poised to drop below US yields for the first time in a year, as markets expect the RBA to stop hiking soon while the Fed keeps raising rates. A smaller yield advantage reduces demand for Australian assets, weighing on the Aussie.
This is a new, forward-looking negative force that could reverse AUD's recent strength.
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Unemployment rises to 4.6%, sparking rate-cut talk Australia's jobless rate climbed to 4.6% in August, the highest since 2021, even as employment hit a record. The mixed data raised expectations the RBA might cut rates sooner, weakening the Australian dollar to a seven-week low.
This new data point introduced a negative counterweight to the RBA's hawkish stance.
Q3 2026
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RBA hike bets and data swings drove Aussie in Q3
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July jobs surge lifts AUD above 0.7000 A 76,300-job surge in July pushed AUDUSD above 0.7000, as strong employment signalled a resilient economy and raised expectations that the Reserve Bank of Australia would keep interest rates high.
This was a key new event that initially boosted the Aussie.
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Soft Q2 inflation kills RBA hike bets Soft Q2 core inflation of 0.8% dashed expectations for near-term RBA rate hikes, while Fed tightening and geopolitical tensions boosted the US dollar, pushing AUDUSD down to around 0.6950.
This was a major new negative force that reversed the July gains.
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RBA hawkish bias and inflation revive Aussie In August, the RBA maintained a hawkish stance, and stronger July inflation plus major banks' rate hike forecasts revived Aussie strength, though weak wages and rising unemployment capped gains.
This new development supported the Aussie in August.
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RBA hikes to 4.60% but yield gap and unemployment weigh The RBA raised rates to a 15-year high of 4.60% in September, and the IMF backed further tightening, but Australian 10-year yields fell below US yields and unemployment rose to 4.6%, sparking rate-cut talk and weakening the Aussie to a seven-week low.
This captures the key September events that ultimately pressured the Aussie.
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Australian Bond Yields Poised to Fall Below US for First Time in a Year
Australian government bond yields are poised to fall below US government bond yields for the first time in more than a year, after the market anticipated that the monetary policy of the Reserve Bank of Australia, or RBA, is nearing the end of its rate-hiking cycle, while the US Federal Reserve still looks likely to raise rates further. The spread between the yield on 10-year Australian government bonds and that of equivalent US government bonds has narrowed to around 12 basis points, or bps, close to its lowest level since September 2025. Strategists from Barrenjoey Markets and Westpac Banking Corp. expect yields in the two countries to converge to similar levels in the coming months, while National Australia Bank, or NAB, believes the spread could turn negative, meaning Australian bond yields would fall below US yields. Kenneth Crompton, head of interest rate strategy at NAB in Sydney, said the bank's base case still expects the 10-year Australian and US bond yield spread to reverse in 2027, but that if it happens sooner, it would not be considered a major deviation from market conditions. He also expects that if the policy trajectories of the RBA and the Fed diverge as much as anticipated, the spread could fall back to around -20 bps by the end of 2027. Currently, the market expects the Fed to raise interest rates three more times, by 0.25% each, over the next 12 months, while the market expects the RBA to raise rates only once more, reflecting the increasingly clear divergence in monetary policy trajectories between the two countries.
Australia's inflation hits 4% in August after fuel prices surge
The Australian Bureau of Statistics reported that the Consumer Price Index accelerated to 4.0% in August year-on-year, up from 3.5% in July, but still below the 4.1% analysts had expected. On a monthly basis, the headline CPI rose 0.4%, while the seasonally adjusted CPI rose 0.7%. The core CPI, the measure the Reserve Bank of Australia watches closely, stood at 3.6% year-on-year, in line with expectations and unchanged from July. Higher fuel costs remained the main driver, with automotive fuel prices jumping 14.8% in August compared with July amid higher global crude oil prices, pushing transport inflation to 5.6% year-on-year. Housing inflation accelerated to 5.7% from 5.0% in July, with newly built home prices up 5.4%, electricity prices surging 13.2% after government subsidies ended, and rents up 3.6%. The data was released just one day after the Reserve Bank of Australia raised interest rates by 0.25% to 4.6%, a 15-year high and the fourth increase this year. The RBA board said inflation remains too high, driven by domestic price pressures and higher energy prices stemming from the war with Iran.
RBA Raises Rates to 15-Year High of 4.60%, BBH Says Hike to Support AUD/USD
The Reserve Bank of Australia delivered a widely expected 25 basis point hike to 4.60%, a 15-year high, and kept the door open to further tightening, according to Brown Brothers Harriman. AUD/USD initially rallied on the hawkish statement but reversed as Governor Michele Bullock signaled less urgency. BBH highlights that the RBA hike will support AUD/USD.
TD Securities Keeps Negative AUD/NZD Stance After RBA Holds at 4.60%
TD Securities' Macro Research is maintaining a negative stance on the Australian Dollar relative to the New Zealand Dollar following the Reserve Bank of Australia's September decision. With the cash rate at 4.60% and no further hikes expected this year, the firm sees AUD underperformance persisting.
Australia's central bank raises policy rate to 4.60%, a 15-year high
The Reserve Bank of Australia decided at its monetary policy board meeting on the 29th to raise the policy rate by 0.25% to 4.60%. It was the first rate hike in three meetings and the fourth this year, decided unanimously, and the policy rate surpassed its peak during the COVID-19 pandemic to reach its highest level in 15 years, since late 2011. Citing prolonged inflation, the central bank judged that "further monetary tightening is appropriate." It also expressed concern that the situation in the Middle East remains tense and energy supply disruptions continue. On the future path of the policy rate, it said "further increases may be possible if necessary," stressing its readiness to raise rates again.
Australia Unemployment Rises to 4.6% in August Despite Record Employment
Australia's seasonally adjusted unemployment rate rose to 4.6% in August 2026, up from 4.5% in July and above market expectations, marking the highest jobless rate since November 2021. The number of unemployed individuals expanded by 28,200 to a five-year high of 722,900, with full-time searchers up 15,700 to 481,000 and part-time searchers up 12,500 to 242,000. Despite the uptick, total employment increased by 39,500 to a record 14.84 million, comfortably beating forecasts for a 20,000 gain and reversing a revised 15,900 decline in July, while annual employment growth reached 238,100 positions, or 1.6%. Local financial markets reacted negatively to the mixed labor statistics, with the S&P/ASX 200 plunging 1.3% to 8,649 in early deals and the Australian dollar weakening to around $0.70, a seven-week low.
AUDUSD.FOREX · Monetary · Negative Australian dollar weakened to a seven-week low after mixed labor data showed unemployment rising to 4.6%, boosting RBA rate-cut expectations.
IMF Urges RBA to Be Ready to Raise Rates, Warns Inflation Could Overshoot Target, Cuts Australia Growth Forecast to 1.9%
The International Monetary Fund, or IMF, has advised the Reserve Bank of Australia, or RBA, to be prepared to raise interest rates if necessary, as inflation still carries the risk of moving higher. In its statement summarising the annual assessment of the Australian economy for 2026, known as the Article IV consultation and published on 17 September, the IMF said bringing inflation back to target should be the key near-term task, and the RBA should give priority to containing inflation risks. The RBA's inflation target framework is 2-3%. At the same time, the IMF cut its forecast for Australia's economic growth this year to 1.9% from 2%, and lowered next year's forecast to 1.6% from 1.7%. It said the RBA's rate hikes are starting to weigh on economic activity, including the housing market, and are making financial conditions tighter. The Australian dollar remains one of the strongest-performing currencies in the G10 this year, reflecting tighter financial conditions. The IMF's recommendation comes as the market expects the RBA may raise rates again this month, after three increases between February and May, before holding the rate at 4.35% at its two most recent meetings. The IMF said the Australian economy entered the year with strong fundamentals, even though earlier rate increases are beginning to affect economic activity and the housing sector.
AUD/USD Hits Four-Month Highs on Weak USD, Strong Chinese Inflation
The Australian Dollar resumed its uptrend on Wednesday, hitting fresh four-month highs at 0.7237 against the US Dollar, supported by a weak Greenback and stronger-than-expected Chinese inflation data. The AUD/USD pair later settled around 0.7220. Markets are now focused on Friday's US Consumer Price Index data, which economists at DBS say will be pivotal for next week's Federal Reserve meeting, with a 60% chance of a September rate hike priced in. However, Aussie rallies may be limited by Middle East tensions and rising oil prices, as Iran attacked a US Navy warship and an airbase in Jordan, and the US responded by hitting Iranian oil tankers in the Strait of Hormuz. Chinese consumer inflation bounced to 0.4% in August from a 0.1% contraction in July, beating expectations of 0.3%, while year-over-year CPI accelerated to 0.8% from 0.5%. Additionally, Reserve Bank of Australia Deputy Governor Andrew Hauser called for more action on inflation, leading Rabobank analysts to suggest markets are thinking of rate hikes this month and in November.
AUDUSD.FOREX · Monetary · Positive AUD strengthens on weak USD and strong Chinese inflation, with RBA rate hike expectations adding support.
AU-10Y.GB · Monetary · Positive RBA Deputy Governor calls for more action on inflation, raising expectations of rate hikes, which would push yields up.
US-10Y.GB · Monetary · Negative Weak USD and geopolitical tensions may lead to lower US yields as investors seek safety, though Fed hike expectations could offset.
EFFR.MM · Monetary · Negative Weak USD and expectations of Fed rate hike may be tempered by geopolitical tensions, but overall USD weakness suggests lower yields.
Australian central bank deputy governor to discuss rate hike at this month's board meeting
Reserve Bank of Australia Deputy Governor Hauser said on Thursday that the case for a rate hike is expected to be discussed at the next board meeting on September 28-29, adding that inflation remains elevated and risks are tilted to the upside. Hauser told the Australian Broadcasting Corporation that his concerns about inflation were heightened after seeing the impact of data centers on the economy during a visit to the United States. He noted that the key question for policymakers is whether the three rate hikes implemented this year are sufficient to curb inflation, or whether further measures are needed. With inflation in July exceeding market expectations, markets are now pricing in a 68% probability that the policy rate will be raised by 25 basis points to 4.60% on the 29th of this month. The probability of rates reaching 4.85% by 2027 is 60%. Hauser said that while the stage has not been reached where significant rate hikes are needed to bring inflation back to the central bank's target of 2-3%, a prolonged period above target could require a stronger policy response.
Australian Business Confidence Falls to Six-Year Low in August
National Australia Bank (NAB) reported on Tuesday that its business confidence index for August fell by 5 points from the previous month to minus 1, marking a six-year low. This is the first time the index has turned negative since the COVID-19 pandemic in 2020. The business conditions index also declined by 1 point to minus 8, significantly below the long-term average of plus 5. The weakness was broad-based across industries, with profitability down 10 points and sales down 5 points, both at their lowest levels since the pandemic. NAB noted that the figures indicate slowing growth amid ongoing cost and price pressures, and that rising fuel costs due to worsening Middle East tensions have pushed up cost indicators. With inflation remaining high, there is growing speculation that the Reserve Bank of Australia (the central bank) may implement its fourth interest rate hike this year as early as this month.
AUDUSD.FOREX · Monetary · Negative Weak Australian business confidence and potential RBA rate hike could weigh on AUD, but direction is ambiguous without explicit FX policy signal.
Major banks see 3 of 4 raising rates again this year on high inflation
Of Australia's four major banks, Commonwealth Bank (CBA), National Australia Bank (NAB), and ANZ expect further rate hikes this year. July's inflation data came in stronger than expected, reigniting concerns that price pressures remain robust. NAB expects the Reserve Bank of Australia (central bank) to move to raise rates at its next policy meeting in September, and sees the possibility of another hike in November if economic activity remains resilient. CBA and ANZ forecast a November hike, while Westpac maintains its view of holding steady. CBA's head of Australian economics, Belinda Allen, noted that price momentum has re-accelerated in underlying and domestically driven items, with the pace of disinflation stalling. She expects a November hike but said it could be brought forward to September. The RBA has held the policy rate steady for two consecutive meetings this month.
Australia's July inflation exceeds expectations, may prompt central bank to raise rates
Australia's Bureau of Statistics reported today that the Consumer Price Index (CPI) rose 1.0% month-on-month in July, higher than the 0.8% expected by analysts, due to a 7.5% rebound in fuel prices after three consecutive months of decline. On an annual basis, CPI stood at 3.5%, slowing from 3.8% in June but still above the 3.3% forecast. The core CPI index rose 0.5% in July, the largest increase in a year, and above the 0.3% expected, bringing the annual core CPI to 3.6%. The higher-than-expected inflation figures could push the Reserve Bank of Australia (RBA) to raise interest rates. Investors have increased the probability of an RBA rate hike at the September meeting to 27% from 17%, and to 80% for February next year. The RBA is also closely watching the second-quarter GDP data due next week, particularly the rising investment in data centers.
Australia's central bank divided before decision to hold rates at 4.35%
The Reserve Bank of Australia released minutes from its August meeting showing debate among the nine board members, who were split into two camps before unanimously deciding to keep the policy rate at 4.35% to await further economic data. One side argued that a rate hike might be needed to curb inflation risks that could rebound from Middle East conflict and global crude oil prices, while the other side viewed the current rate as sufficiently tight and saw time to wait for economic developments. The board identified key risks that could push inflation higher, including the global investment wave in AI and data centres, weak labour productivity, and Middle East tensions, with Brent crude jumping to 92 dollars a barrel after the United States expanded sanctions on Iran. Financial markets price only a 13% chance that the RBA will raise rates to 4.60% at its next meeting, but reflect a 67% probability of a hike by February next year.
US and Japan inflation data releases may influence rate hike expectations
From August 24 to 28, a series of closely watched economic indicators will be released, mainly in Japan and the United States. On the 26th, the US July core PCE price index is expected to rise 0.2 percent month-on-month, a slight pickup from the previous reading. If the view spreads that the pace of disinflation remains slow, the Federal Reserve's tightening policy stance will come into focus, making the dollar harder to sell. On the 28th, the August Tokyo core CPI, which will influence expectations for an additional rate hike by the Bank of Japan, will be released. The index excluding fresh food is forecast to rise 1.7 percent year-on-year, and if growth around 2 percent is maintained, it is likely to become a yen-buying factor. In Australia, July CPI will be released on the 26th and is expected to slow sharply to around 3.5 percent year-on-year. If it comes in below expectations, expectations for further rate hikes could recede, potentially leading to Australian dollar selling.
AUDUSD.FOREX · Monetary · Negative Australia's July CPI expected to slow sharply, reducing rate hike expectations and potentially weakening AUD.
USDJPY.FOREX · Monetary · Positive US core PCE expected to rise, possibly slowing disinflation and supporting Fed tightening, making USD stronger; Tokyo CPI may influence BOJ rate hike expectations, potentially strengthening JPY.
Australia's unemployment rate rises to 4.5% in July as employment unexpectedly contracts
Australia's seasonally adjusted unemployment rate edged up to 4.5% in July 2026, beating market expectations and rising from 4.4% in June. The number of unemployed increased by 4,200 to 691,500, while total employment fell by 15,800 to 14.81 million, missing expectations for a 15,000 gain and marking the first monthly decline since April. The benchmark S&P/ASX 200 Index rose 31 points or 0.4% to 9,085 in Thursday morning trade, snapping a six-session losing streak, while the Australian dollar weakened to around $0.71 as cooling labor data reduced expectations for further RBA rate hikes.
Australia Q2 wages rise 3.2% Y/Y; RBA's Hauser warns inflation risks could force rate hikes
Australia's seasonally adjusted Wage Price Index increased 3.2% year-over-year in the second quarter of 2026, matching market expectations and marking the weakest annual wage growth since the fourth quarter of 2024. On a quarterly basis, wages grew 0.8%, maintaining the steady pace seen over the past four quarters. In a Wednesday address, Reserve Bank of Australia Deputy Governor Andrew Hauser issued a hawkish warning, stating that inflation remains too high and that monetary policy may need to tighten further if upside price risks materialize. Hauser cited escalating Middle East tensions, global AI-driven investment, and soft domestic productivity as core inflationary threats. The RBA has already raised interest rates by 75 basis points year-to-date, though it opted to hold its benchmark cash rate at 4.35% for a second consecutive meeting. Following the RBA's comments and the wage data release, the benchmark S&P/ASX 200 Index slipped 28 points, or 0.3%, to 9,042 in early Wednesday trading, extending its losing streak to a sixth session and touching a two-week low, while the Australian dollar retreated below $0.71 while remaining near a ten-week high.
Australia's central bank warns further hike quite possible after holding rates steady
Australia's central bank held its cash rate steady at 4.35% for a second straight meeting but warned it might hike again if needed to control inflation. Reserve Bank of Australia Governor Michele Bullock said she personally thought it was quite possible that rates may need to go up again, keeping alive the risk of a fourth rate increase this year. The RBA said aggregate demand needed to stay subdued to reduce capacity pressures and it would do what was necessary to bring inflation back to target, including increasing the cash rate target further if upside risks materialise. Swaps now imply around a 50% chance of a rate increase in November, while pricing in an 80% likelihood of a move by early next year. Updated RBA forecasts showed inflation is now expected to move back to the 2% to 3% target band in the second half of next year, with consumer price inflation projected to ease to 3.6% by the end of the year from 3.9% in the second quarter and to 2.6% by the end of 2027.
RBA holds rate at 4.35% for second straight meeting
The Reserve Bank of Australia has kept its policy rate unchanged at 4.35% for a second consecutive meeting, in line with market expectations, amid persistent inflationary pressures while the labour market and property sector show signs of slowing. The RBA said the board remains focused on preventing high inflation from becoming entrenched in the economy and stands ready to take further action, including raising rates again if inflation risks intensify. The RBA also released economic forecasts in its Statement on Monetary Policy, projecting that headline and underlying inflation will only return to 2.5%, the midpoint of the 2–3% target band, by early 2028.
AUD/USD edges lower but downside seen limited near 0.7050
The Australian dollar edged lower against the US dollar during Asian trading on Thursday, pulling back from its highest level since June 17. Spot prices currently trade just below 0.7050, though the downside potential appears limited.
AUD/JPY softens to near 111.00 as bearish bias holds below key technical barriers
The AUD/JPY cross trades in negative territory around 111.15 during early European trading hours on Thursday. A coordinated currency intervention by the United States and Japan provides some support to the Japanese Yen against the Australian Dollar.
Australian Dollar climbs as softer US data, improving risk sentiment weigh on USD
The Australian dollar rose against the US dollar on Wednesday, with AUD/USD trading around 0.7060, up 0.20% on the day. The pair benefited from broad-based US dollar weakness as investors reacted to softer-than-expected US economic data and improved risk sentiment driven by the latest geopolitical developments.
Australian Dollar flat against US Dollar ahead of US ADP jobs data
The Australian Dollar traded flat against the US Dollar at around 0.7050 during the European session on Wednesday. Investors awaited the United States ADP Employment Change data for July, scheduled for release at 12:15 GMT, leaving the pair directionless.
Reserve Bank of Australia Assistant Governor Sarah Hunter said the Consumer Price Index came in slightly softer than expected, mainly due to fuel prices, but stressed inflation remains above the 2–3% target band, according to BNY’s Geoff Yu.
AUD/USD struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turned lower after a modest Asian session uptick to the 0.6965 region on Thursday, as some US Dollar dip-buying emerged. The pair is struggling near the 0.6950 level, with bears retaining control below the 100-period exponential moving average on the four-hour chart.
AUD/USD Drops to Over Two-Week Low After Soft Australian CPI Data
The AUD/USD pair fell for a third consecutive day on Wednesday, reaching an over two-week low near 0.6950 after softer Australian consumer inflation figures triggered a breakdown. The decline was driven by the release of the weaker-than-expected CPI data, which intensified selling pressure on the Australian dollar.
Australian core inflation misses forecasts in Q2, easing pressure for further rate hikes
Australia's trimmed mean core inflation rose 0.8% quarter-on-quarter in the second quarter, data from the Australian Bureau of Statistics showed on the 29th, missing market expectations of a 0.9% increase. The annual pace slowed to 3.6%, undershooting both the market forecast of 3.7% and the Reserve Bank of Australia's projection of 3.8%, easing pressure for additional rate hikes. Headline CPI rose 0.6% quarter-on-quarter and 4.0% year-on-year, both decelerating from the previous quarter.
Extended RBA pause may weigh on Australian dollar, says BBH
Brown Brothers Harriman's Elias Haddad sees above-target Australian inflation keeping Reserve Bank of Australia hike risks alive, with June and Q2 Consumer Price Index expected to show firm trimmed mean readings.
Focus on the Bank of Japan's monetary policy stance, with key economic indicators due at home and abroad
Among the major economic indicators to be released from July 27 to 31, the Bank of Japan's monetary policy meeting will be the biggest focus. The BOJ policy rate, expected to be announced around noon on the 31st, is widely seen being held steady at 1.00 percent. Attention will be on whether the simultaneous release of the Outlook Report and Governor Ueda's press conference will hint at the timing of additional rate hikes. If a proactive stance toward early rate hikes is indicated, yen buying could strengthen; if no specific timing is given, yen selling may intensify. Elsewhere, on the 29th, Australia's June consumer price index is expected to accelerate to a year-on-year increase of 4.4 percent, which will influence expectations for further rate hikes by the Reserve Bank of Australia. On the 30th, the Bank of England's policy rate announcement is expected to hold steady at 3.75 percent, while in the United States, the advance estimate of April-June quarter GDP is forecast at an annualized quarter-on-quarter increase of 2.3 percent, and the PCE deflator is seen rising 3.6 percent year-on-year, likely affecting the Federal Reserve's policy outlook.
USDJPY.FOREX · Monetary · Neutral BOJ policy meeting focus; if proactive stance on rate hikes hinted, yen strengthens; if no timing, yen weakens. Ambiguous signal.
AUDUSD.FOREX · Monetary · Positive Australia's June CPI expected to accelerate to 4.4% y/y, influencing RBA rate hike expectations, which could strengthen AUD.
GBPUSD.FOREX · Monetary · Neutral Bank of England expected to hold rates at 3.75%, no clear directional signal for GBP vs USD.
AUD/USD edges up to 0.6976 as surging US bond yields cap gains
The Australian Dollar traded marginally higher at around 0.6976 against the US Dollar during the European session on Friday. Surging US bond yields are weighing on the pair, limiting upside potential. The move comes as markets assess the impact of rising yields on risk-sensitive currencies.
The AUD/JPY cross traded in positive territory around 114.25 during early European hours on Friday. The Australian Dollar strengthened against the Japanese Yen following a strong Australian employment report for June.
Australian Dollar rebounds against US Dollar in Asian session
The Australian Dollar rebounded against the US Dollar during the Asian session on Friday, reversing part of the previous day's slide to the weekly trough. Gains were capped by ongoing concerns over Trump's tariffs and US-Iran tensions.
AUD/USD rises above 0.7000 on strong Australian jobs data
The AUD/USD pair caught fresh bids during the Asian session on Thursday following the release of an upbeat Australian jobs report, which lifted bets for another interest rate hike by the Reserve Bank of Australia. The pair looks to build on these gains above the 0.7000 level.
Australia adds 76,300 jobs in June, fuelling rate-hike expectations
Australian employment surged by 76,300 positions in June, more than five times analyst forecasts, while the unemployment rate held steady at 4.4 percent, reflecting a rise in the labour force participation rate to 67 percent. The data underscores the strength of the labour market and could prompt the Reserve Bank of Australia to raise interest rates. The Australian dollar strengthened 0.3 percent to 70.21 US cents, and the three-year government bond yield climbed to 4.61 percent as traders increased bets that the RBA will hike rates by the end of this year. The RBA board kept the policy rate at 4.35 percent at last month's meeting and will watch the quarterly inflation figures next week ahead of its next meeting on August 10 and 11.
Australian Dollar slides to 0.7980 as geopolitics and Fed bets lift USD
The Australian dollar moved away from a three-week top against the US dollar, sliding to the 0.7980 region during Asian trading on Friday. The AUD/USD pair remained on the back foot for a second straight day, pressured by geopolitical concerns and expectations of further Federal Reserve interest rate hikes that boosted the greenback.
AUD/USD rises to near 0.6945 as US Dollar weakens ahead of CPI data
The AUD/USD pair rose 0.35% to near 0.6945 during European trading on Tuesday, supported by broad US Dollar weakness ahead of the US Consumer Price Index data for June due at 12:30 GMT. The 20-day exponential moving average continues to act as a key resistance barrier for the pair.
Australian Dollar rises on hawkish RBA, Iran diplomacy pressures USD
The Australian Dollar rose against the US Dollar on Friday, with AUD/USD trading around 0.6950, up 0.10% on the day after reaching a more than two-week high earlier in the session. The pair gave back part of its gains as investors remained caught between a weaker US Dollar and lingering factors supporting the Greenback.
AUD/JPY edges higher above 112.50 as mildly bullish bias persists
The AUD/JPY cross gathered strength to around 112.70 during early European trading on Wednesday. Renewed tensions between the US and Iran, along with fears of possible intervention by Japanese authorities, might support the Japanese Yen and cap further upside for the cross.
New Zealand Dollar advances as RBNZ hike weighs on AUD/NZD
AUD/NZD declined after three days of gains, trading around 1.2170 during the Asian hours on Wednesday. The currency cross fell nearly 0.25% as the New Zealand Dollar gained ground following the release of the interest rate decision by the Reserve Bank of New Zealand.
RBA’s Hunter says board will intervene as necessary to bring inflation back to target
Reserve Bank of Australia Assistant Governor Sarah Hunter said the central bank will act as needed to bring inflation back to target, even as the recent oil shock has yet to produce a marked slowdown in economic activity.
AUD/USD awaits US Nonfarm Payrolls report as bears eye 0.6850 support
The AUD/USD pair is trading in a narrow range during the Asian session on Thursday as market participants hold off on major positions ahead of the crucial US Nonfarm Payrolls report. The pair is seesawing between slight gains and minor losses, with bearish traders focusing on a break below the 0.6850 confluence support level. The upcoming NFP data is expected to provide fresh directional impetus for the currency pair.
AUDUSD.FOREX · Monetary · Neutral The article discusses the AUD/USD pair awaiting the US Nonfarm Payrolls report, which is a key monetary policy driver.
