# What drove the Australian Dollar below 0.7000 as the Reserve Bank of Australia hiked to 4.60%?

> The Reserve Bank of Australia raised its cash rate 25 basis points to 4.60%, its fourth hike of 2026. The Aussie fell below 0.7000 after Governor Bullock's press conference revealed board members had debated holding rates due to housing risks.

- Date: 2026-09-29 · published 2026-09-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/17718-what-drove-the-australian-dollar-below-0-7000-as-the-reserve-bank-of-australia
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger rate path supports the Australian dollar, but its weakness here reflects dovish signals, so the effect on feed commodity prices is minimal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/what-drove-the-australian-dollar-below-07000-as-the-reserve-bank-of-australia-hiked-to-460-202609291120

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