Aussie Dollar Extends Decline to 11-Week Low

2026-06-23 00:59 By Joshua Ferrer 1 min. read

The Australian dollar slipped further below $0.70, hitting an eleven-week low as the US dollar continued to advance, while caution built ahead of domestic inflation and jobs data this week that could indicate whether the Reserve Bank has finished raising rates.

Headline inflation is expected to pick up to 4.4% in May from 4.2% from a month earlier, while core measure likely edged up to 3.5% from 3.4%, both well above the central bank’s target.

Deputy Governor Andrew Hauser is expected to speak about the inflation outlook after the CPI release.

For the employment data, a rise of 25,000 net jobs for May is expected, while the unemployment rate likely fell to 4.4% after hitting a 4 1/2 -year high of 4.5% last month.

Meanwhile, the greenback strengthened further as markets continue to anticipate that the Fed will raise rates this year after a hawkish tone from officials.

Elsewhere, the risk-sensitive Aussie found support from signs of initial progress in ongoing US-Iran peace negotiations.



News Stream
Australian Dollar Hits 10-week Low
AUDUSD decreased to 0.70, the lowest since April 2026. Over the past 4 weeks, Australian Dollar US Dollar lost 2.7%, and in the last 12 months, it increased 7.46%.
2026-06-23
Aussie Dollar Extends Decline to 11-Week Low
The Australian dollar slipped further below $0.70, hitting an eleven-week low as the US dollar continued to advance, while caution built ahead of domestic inflation and jobs data this week that could indicate whether the Reserve Bank has finished raising rates. Headline inflation is expected to pick up to 4.4% in May from 4.2% from a month earlier, while core measure likely edged up to 3.5% from 3.4%, both well above the central bank’s target. Deputy Governor Andrew Hauser is expected to speak about the inflation outlook after the CPI release. For the employment data, a rise of 25,000 net jobs for May is expected, while the unemployment rate likely fell to 4.4% after hitting a 4 1/2 -year high of 4.5% last month. Meanwhile, the greenback strengthened further as markets continue to anticipate that the Fed will raise rates this year after a hawkish tone from officials. Elsewhere, the risk-sensitive Aussie found support from signs of initial progress in ongoing US-Iran peace negotiations.
2026-06-23
Aussie Dollar Edges Lower
The Australian dollar edged down around $0.700, remaining near ten-week lows as uncertainty in US-Iran peace talks weighed on risk sentiment, while markets await key domestic economic releases this week. Focus will likely be on the release of CPI and employment data, which will be pivotal for the Reserve Bank's next policy move. Headline inflation is expected to pick up to 4.4% in May from 4.2% from a month earlier, while core measure likely edged up to 3.5% from 3.4%, both well above the central bank’s target. For the jobs data, forecasts are centered on a rise of 25,000 net jobs for May, while the unemployment rate likely fell to 4.4% after hitting a 4 1/2 -year high of 4.5% last month. Meanwhile, the US and Iran agreed on a 60-day roadmap toward a final deal, with talks set to continue through the rest of the week. However, concerns persisted after both sides recently exchanged threats over the conflict in Lebanon, with Tehran claiming it had once again closed the Strait of Hormuz.
2026-06-22