Bearish
AUD/USD dips below 0.7000 after RBA's cautious rate hike to 4.60%
The Australian Dollar weakened against the US Dollar following the Reserve Bank of Australia's (RBA) rate hike to 4.60%. Despite the increase, Governor Michele Bullock's cautious remarks about housing and global risks led AUD/USD to fall below the 0.7000 threshold.
Key points
- AUD/USD falls below 0.7000 after RBA's rate hike and dovish signals.
- RBA raises rates to 4.60%, signaling potential for further tightening.
- Governor Bullock expresses concerns over housing market and global economic risks.
Sources
- AUD/USD: RBA hike fails to lift Australian Dollar – INGFXStreet · September 29, 2026
- AUD/USD: RBA hike fails to lift Aussie – MUFGFXStreet · September 29, 2026
- Australian Dollar: RBA hike to support AUD/USD – BBHFXStreet · September 29, 2026
- Australian Dollar dips to fresh lows sub-0.7000 despite hawkish RBA BullockTMGM · September 29, 2026
AI-generated from public news sources. Not financial advice.
