Economic data

Australian Dollar rises as Fed holds rates steady

FXStreet28 October 2026, 18:39 UTCAustralia

The Australian Dollar (AUD) rises sharply against the US Dollar (USD) after the Federal Reserve (Fed) held rates steady, despite US inflation staying well above its 2% target. The decision was not unanimous: two members dissented in favor of a quarter-percentage-point rate hike.

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