Australian Dollar Falls to 11-Week Low

2026-10-01 02:10 By Joshua Ferrer 1 min. read

The Australian dollar weakened to around $0.69, hitting an eleven-week low as the US dollar strengthened on surging Treasury yields, while investors trimmed bets on another near-term RBA rate hike.

Markets reduced the odds of another RBA rate increase in November to 20% from 36% previously after August inflation came in slightly below forecasts.

The next hike is now seen more likely in March rather than February.

Australia's trade data also weighed on sentiment as the trade surplus narrowed to its smallest in three months.

Meanwhile, the Aussie finished 3.1% lower last month, partly due to a broadly stronger US dollar and ongoing Middle East tensions.

The dollar index climbed to an almost 18-month high despite reduced expectations of another Fed hike this month, as Treasury yields surged to multi-decade peaks on concerns over persistent energy-driven inflation.

Oil prices remain elevated as the US and Iran make little progress in talks, despite signs of a recovery in Middle East flows.



News Stream
Australian Dollar Falls to 11-Week Low
The Australian dollar weakened to around $0.69, hitting an eleven-week low as the US dollar strengthened on surging Treasury yields, while investors trimmed bets on another near-term RBA rate hike. Markets reduced the odds of another RBA rate increase in November to 20% from 36% previously after August inflation came in slightly below forecasts. The next hike is now seen more likely in March rather than February. Australia's trade data also weighed on sentiment as the trade surplus narrowed to its smallest in three months. Meanwhile, the Aussie finished 3.1% lower last month, partly due to a broadly stronger US dollar and ongoing Middle East tensions. The dollar index climbed to an almost 18-month high despite reduced expectations of another Fed hike this month, as Treasury yields surged to multi-decade peaks on concerns over persistent energy-driven inflation. Oil prices remain elevated as the US and Iran make little progress in talks, despite signs of a recovery in Middle East flows.
2026-10-01
Australian Dollar Hits 8-week Low
AUDUSD decreased to 0.69, the lowest since July 2026. Over the past 4 weeks, Australian Dollar US Dollar lost 3.06%, and in the last 12 months, it increased 5.05%.
2026-09-30
Australian Dollar Hits 9-Week Low
The Australian dollar fell below $0.70, hitting a nine-week low after August inflation figures undershot forecasts, trimming bets of near-term interest rate hikes. The monthly CPI rose 0.4%, below the expected 0.5%, while the annual pace accelerated to 4% from 3.5% in July but was below the 4.1% forecast. The trimmed-mean measure of core inflation rose 0.2% month-over-month, also under the 0.3% forecast. However, annual core inflation held at 3.6% for a third straight month and remained above the Reserve Bank’s 2–3% target band, a key factor behind the central bank’s decision to lift rates to a 15-year high of 4.60% on Tuesday. The marginal inflation miss still led markets to cut the odds of another hike in November to 20% from 36% before the data, while the next increase is now seen more likely in March rather than February. The Aussie is now on track for a roughly 2.8% monthly loss, as a stronger US dollar and ongoing Middle East tensions weighed on the risk-sensitive currency.
2026-09-30