Aussie Dollar Sits at 4-Year Top

2026-04-17 01:05 By Joshua Ferrer 1 min. read

The Australian dollar held above $0.71, sitting near its highest level since May 2022 and headed for its third straight weekly gain, supported by improving risk sentiment amid hopes for a potential de-escalation in the Middle East war.

US President Trump continued to signal progress toward a deal with Iran, though the key details remain unconfirmed and the Strait of Hormuz continues to face disruptions, keeping energy prices volatile.

Still, the Aussie has rebounded sharply amid the optimism, up over 5% from late-March lows triggered by the geopolitical tensions.

Meanwhile, Australia’s labor market remained resilient in March, reinforcing bets that the Reserve Bank may continue tightening policy.

Markets currently price in a 70% odds of a third consecutive rate hike in May, with upcoming Q1 inflation data seen as critical for the outlook.

Adding support, solid first-quarter growth in China, driven by exports and policy support, has bolstered demand prospects for Australian commodities.



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Aussie Dollar Sits at 4-Year Top
The Australian dollar held above $0.71, sitting near its highest level since May 2022 and headed for its third straight weekly gain, supported by improving risk sentiment amid hopes for a potential de-escalation in the Middle East war. US President Trump continued to signal progress toward a deal with Iran, though the key details remain unconfirmed and the Strait of Hormuz continues to face disruptions, keeping energy prices volatile. Still, the Aussie has rebounded sharply amid the optimism, up over 5% from late-March lows triggered by the geopolitical tensions. Meanwhile, Australia’s labor market remained resilient in March, reinforcing bets that the Reserve Bank may continue tightening policy. Markets currently price in a 70% odds of a third consecutive rate hike in May, with upcoming Q1 inflation data seen as critical for the outlook. Adding support, solid first-quarter growth in China, driven by exports and policy support, has bolstered demand prospects for Australian commodities.
2026-04-17
Australian Dollar Hits Near 4-year High
AUDUSD increased to 0.72, the highest since June 2022. Over the past 4 weeks, Australian Dollar US Dollar gained 1.23%, and in the last 12 months, it increased 12.56%.
2026-04-16
Australian Dollar Climbs Toward 2022 Highs
The Australian dollar rose past $0.70, approaching levels not seen since June 2022, as the latest jobs data reinforced the Reserve Bank’s view that the labor market remains relatively tight. The jobless rate held steady at 4.3% in March, while employment increased by 17.9 thousand, driven entirely by full-time positions, indicating that labor demand remained resilient despite shockwaves from the Middle East conflict. This followed remarks from Deputy Governor Andrew Hauser, who said inflation is still running above target and that there is limited confidence that current interest rates are sufficiently restrictive. He added that rates may need to rise further, particularly as higher oil prices continue to fuel inflation. Market participants and economists now expect the RBA to deliver a third consecutive rate hike in May, which would bring the policy rate to 4.35% and effectively unwind last year’s easing.
2026-04-16