The Australian dollar hit $0.71, reaching a five-week high amid rising hopes of a US-Iran peace deal, while investors weighed the Reserve Bank of Australia’s latest remarks. Deputy Governor Andrew Hauser stressed that inflation remains above the 2–3% target, and policymakers lack strong confidence that current interest rates are sufficiently restrictive. He noted that rates may need to rise further if necessary, particularly as the economy absorbs the inflationary impact of elevated oil prices tied to Middle East disruptions. Markets slightly raised the odds of a rate hike next month to 72% from 69% after Hauser’s remarks. First quarter inflation data, key labor market and consumer spending indicators are still due this month ahead of the decision. Meanwhile, the US and Iran signaled willingness to extend negotiations toward a longer-term ceasefire. This comes after prolonged weekend talks failed, prompting President Trump to announce a blockade on Iranian oil shipments.
The AUD/USD exchange rate rose to 0.7133 on April 15, 2026, up 0.11% from the previous session. Over the past month, the Australian Dollar has strengthened 0.87%, and is up by 11.97% 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 April 15 of 2026.
The AUD/USD exchange rate rose to 0.7133 on April 15, 2026, up 0.11% from the previous session. Over the past month, the Australian Dollar has strengthened 0.87%, and is up by 11.97% 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 0.73 in 12 months time.