Aussie Dollar Stays Near 4-Year Peak

2026-04-20 01:30 By Joshua Ferrer 1 min. read

The Australian dollar eased to around $0.71 but remained near its highest level since May 2022 as renewed hostilities in the Strait of Hormuz pushed oil prices higher, though traders still hoped for a resolution.

The ceasefire in the Iran war came under renewed strain after the US seized an Iranian cargo ship in the Gulf of Oman, prompting Tehran’s top military command to vow retaliation and reassert control over the Strait.

Still, Trump indicated there was still an opportunity for a deal ahead of another round of talks in Pakistan, even as Iran saw little prospect for agreement.

The prolonged conflict has triggered a historic energy supply shock, fueling inflation risks and expectations of further central bank rate hikes.

In Australia, a resilient labor market has already reinforced tightening bets, with markets pricing a 75% chance that the Reserve Bank will raise rates next month.

Investors now await upcoming flash figures for PMI this week for further clues on the economy’s health.



News Stream
Aussie Dollar Stays Near 4-Year Peak
The Australian dollar eased to around $0.71 but remained near its highest level since May 2022 as renewed hostilities in the Strait of Hormuz pushed oil prices higher, though traders still hoped for a resolution. The ceasefire in the Iran war came under renewed strain after the US seized an Iranian cargo ship in the Gulf of Oman, prompting Tehran’s top military command to vow retaliation and reassert control over the Strait. Still, Trump indicated there was still an opportunity for a deal ahead of another round of talks in Pakistan, even as Iran saw little prospect for agreement. The prolonged conflict has triggered a historic energy supply shock, fueling inflation risks and expectations of further central bank rate hikes. In Australia, a resilient labor market has already reinforced tightening bets, with markets pricing a 75% chance that the Reserve Bank will raise rates next month. Investors now await upcoming flash figures for PMI this week for further clues on the economy’s health.
2026-04-20
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