Australian Dollar Hits One-Month Low

2025-11-07 03:09 By Joshua Ferrer 1 min. read

The Australian dollar depreciated below $0.650, hitting its lowest level in four weeks, as renewed risk-off sentiment swept across global markets.

Another wave of tech selling in global equities amid valuation concerns and worries over US–China developments in AI trade weighed on the risk-sensitive currency.

The Aussie, often viewed as a proxy for global risk due to its reliance on commodity exports, also failed to benefit from a softer greenback despite signs of cooling in the US labour market.

For the week, the AUD is headed for a 1% loss, marking its first weekly decline in a month, despite the Reserve Bank of Australia’s hawkish tone at its November meeting.

Markets still largely expect one more rate cut, likely by May next year, though some analysts caution the easing cycle may have already ended with the cash rate steady at 3.6%.



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