Australian Dollar Drifts in Narrow Range

2025-11-10 03:23 By Jam Kaimo Samonte 1 min. read

The Australian dollar was little changed around $0.653, trading in a tight range near a one-week high as investors monitored policy signals from the Reserve Bank of Australia.

Deputy Governor Andrew Hauser said there was ongoing debate over whether the current 3.6% cash rate is restrictive enough to contain inflation, noting that recent consumer sentiment readings in the Westpac survey appeared “erratic.” Also, data showing an 18% jump in investor housing loans in the third quarter suggested financial conditions might still be relatively loose, though analysts said the pace of lending remains consistent with earlier policy tightening working its way through the economy.

Markets are now looking to Thursday’s jobs data, with expectations of 20,000 new positions in October and a dip in unemployment to 4.4%, to gauge whether further rate adjustments are needed.

The AUD’s rise paused amid these mixed signals, while the unresolved US government shutdown added to the cautious tone in markets.



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