Australian dollar ticks up toward 0.6950 after RBA flags possible further tightening
AI Market Summary
AUD/USD firmed near 0.6950 after RBA Assistant Governor Hunter reiterated a willingness to tighten further if an oil-driven inflation impulse lifts expectations. Markets still price only a modest chance of an August hike, limiting follow-through. Fed minutes remain ambiguous, with participants split on whether rates end the year higher, keeping USD direction mixed and leaving the pair primarily driven by relative central-bank hawkishness.
Impact level
● Medium
Affected assets
NCFXAUD2USD/USDT+0.21%
AI Insight · NCFXAUD2USD/USDTAI Insight
● Neutral
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The Australian dollar rose to around 0.6950 against the U.S. dollar after hawkish remarks from RBA Assistant Governor Sarah Hunter. She said the central bank could tighten policy further if an oil shock lifts inflation expectations. The RBA has raised rates three times by 25 basis points this year, taking the cash rate to 4.35%, with markets pricing a 19% chance of a move to 4.60% at the August meeting. Minutes from the Fed’s June meeting showed most officials expect rates to end the year above current levels, though the path was not specified.
