The Australian dollar rose above $0.705, but stayed at a two-month low as investors assessed easing Middle East tensions while persistent cost-of-living pressures weighed on domestic sentiment. Household confidence deteriorated further into deep pessimism, with the Westpac–Melbourne Institute Consumer Sentiment Index falling about 3% to 80.6 in June, marking the fourth decline this year and among the weakest in decades. Households reported ongoing strain from elevated living costs, while a temporary fuel tax cut offered only limited and short-lived relief. Against this backdrop, investors are turning their attention to the upcoming policy decision from the Reserve Bank of Australia next week, where rates are widely expected to be held steady. Meanwhile, global risk sentiment got a minor lift after Iran and Israel announced a halt in fighting. However, the safe-haven US dollar remained stronger amid uncertainty over a US-Iran peace deal and hawkish Fed bets after a robust US jobs data.
The AUD/USD exchange rate fell to 0.7031 on June 9, 2026, down 0.11% from the previous session. Over the past month, the Australian Dollar has weakened 3.01%, but it's up by 7.80% over the last 12 months. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on June 9 of 2026.
The AUD/USD exchange rate fell to 0.7031 on June 9, 2026, down 0.11% from the previous session. Over the past month, the Australian Dollar has weakened 3.01%, but it's up by 7.80% over the last 12 months. The Australian Dollar is expected to trade at 0.71 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.72 in 12 months time.