Economic data

Australian Dollar edges higher above 0.7050 as hot CPI lifts RBA rate hike odds

FXStreet29 October 2026, 02:40 UTCAustralia

The AUD/USD pair gathers strength to near 0.7055 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter inflation data bolsters expectations of Reserve Bank of Australia (RBA) rate hikes.

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