# Aussie Dollar loses grip on 0.70 rally as Fed, RBA inflation tests lurk

> AUD/USD slipped 0.26% to 0.7016 as the US dollar strengthened and a possible de-escalation in the US-Iran conflict pushed oil prices lower. Iran, Turkey, Pakistan and Saudi Arabia reportedly agreed to continue talks. Markets still priced in a Fed rate hike, and the Fed's decision was due Wednesday.

- Date: 2026-10-26 · published 2026-10-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/17328-aussie-dollar-loses-grip-on-0-70-rally-as-fed-rba-inflation-tests-lurk
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices on de-escalation reduce energy costs that feed into grain and oilseed freight and fertilizer. A firmer dollar pressures Australian-dollar returns on exports.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |
| DXY | 2024-04-22 | [US dollar rally threatens Australian dollar, RBA inflation battle \| Australia](https://feedsoft.ai/events/30999-us-dollar-rally-threatens-australian-dollar-rba-inflation-battle-australia.md) | -0.1% | -1.5% |
| DXY | 2025-02-12 | [Stocks tumble, dollar rallies as US inflation heats up](https://feedsoft.ai/events/26226-stocks-tumble-dollar-rallies-as-us-inflation-heats-up.md) | -0.5% | -2.0% |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |
| DXY | 2024-08-30 | [US dollar rises broadly as inflation data underpins smaller Fed cut](https://feedsoft.ai/events/28980-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut.md) | +0.2% | -0.9% |
| WTI | 2019-05-01 | [Canadian dollar weakens as Fed inflation view boosts greenback - The Globe and Mail](https://feedsoft.ai/events/59324-canadian-dollar-weakens-as-fed-inflation-view-boosts-greenback-the-globe-and.md) | -3.8% | -7.6% |
| WTI | 2025-08-19 | [Canadian dollar falls as inflation data fuels rate cut bets — TradingView News](https://feedsoft.ai/events/23556-canadian-dollar-falls-as-inflation-data-fuels-rate-cut-bets-tradingview-news.md) | +1.4% | +1.0% |
| WTI | 2026-10-21 | [Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters](https://feedsoft.ai/events/17330-dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba.md) | -0.7% | — |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/aussie-dollar-loses-grip-on-070-rally-as-fed-rba-inflation-tests-lurk-202610262248

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.