Australian Dollar Approaches 3- Month Low

2026-06-25 02:30 By Joshua Ferrer 1 min. read

The Australian dollar fell further below $0.690, approaching a three-month low as broad US dollar strength outweighed a rebound in domestic employment data.

Australia's economy added 40,300 jobs in May, rebounding from a revised decline of 40,600 in April and exceeding market forecasts for a 30,000 increase, while the unemployment rate edged down to 4.4% from 4.5%, as expected.

The latest labor market report comes on top of Wednesday's mixed consumer inflation figures, which have left markets divided on another interest rate hike, priced in at 50% likely by year’s end rather than at the August meeting.

RBA Deputy Governor Andrew Hauser said on Wednesday that the central bank still has more work to do to bring inflation back to its 2-3% target, indicating that further policy tightening may be needed as underlying price pressures remain elevated.

Meanwhile, the US dollar remained broadly stronger as investors continued to price in Federal Reserve interest rate hikes later this year.



News Stream
Australian Dollar Approaches 3- Month Low
The Australian dollar fell further below $0.690, approaching a three-month low as broad US dollar strength outweighed a rebound in domestic employment data. Australia's economy added 40,300 jobs in May, rebounding from a revised decline of 40,600 in April and exceeding market forecasts for a 30,000 increase, while the unemployment rate edged down to 4.4% from 4.5%, as expected. The latest labor market report comes on top of Wednesday's mixed consumer inflation figures, which have left markets divided on another interest rate hike, priced in at 50% likely by year’s end rather than at the August meeting. RBA Deputy Governor Andrew Hauser said on Wednesday that the central bank still has more work to do to bring inflation back to its 2-3% target, indicating that further policy tightening may be needed as underlying price pressures remain elevated. Meanwhile, the US dollar remained broadly stronger as investors continued to price in Federal Reserve interest rate hikes later this year.
2026-06-25
Aussie Near 11-Week Low After Mixed CPI Data
The Australian dollar was largely unchanged around $0.691, staying near an eleven-week low after a mixed inflation report did little to shift expectations for further interest rate hikes. Headline consumer prices fell 0.7% in May from the previous month, pulling annual inflation down to 4.0% from 4.2% and marking the slowest pace in three months. However, the trimmed mean inflation rose 0.4% on the month, above forecasts and lifted the annual core rate to 3.6%. After raising interest rates three times this year, the Reserve Bank left the cash rate unchanged this month but reiterated that it would not hesitate to tighten further if inflation remains above its 2.5% target. The mixed inflation figures have left markets divided, pricing roughly a 50% chance of another rate hike, with any move seen more likely later in the year rather than at the August meeting. Meanwhile, the Aussie dropped 1.2% in the previous session after a tech-driven global equity selloff triggered risk aversion.
2026-06-24
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