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AUD/USD traded near 0.7027, close to one-month highs, as expectations grew for another Reserve Bank of Australia rate hike in November. Markets awaited Australia's September CPI, forecast at 0.7% month-on-month and 4.2% year-on-year, and the Fed decision due Wednesday.
Equity markets recovered as concerns over heavy AI spending eased.
Expected RBA tightening supports the Aussie and reflects inflation pressure in a major exporter's economy. The currency move affects the cost of Australian commodity exports priced in US dollars.
fxstreet.comVishal ChaturvediOct 27, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
