# Australian dollar highest since May on RBA rate hike bets – as it happened - ABC News

> The Australian dollar rose to its highest since May as traders priced in possible RBA rate hikes after a hotter-than-expected inflation print on Wednesday. Major banks revised their RBA forecasts, with some now expecting one more hike. Three-year bond yields and the currency both moved higher.

- Date: 2026-08-27 · published 2026-08-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/18147-australian-dollar-highest-since-may-on-rba-rate-hike-bets-as-it-happened-abc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of higher Australian rates support the Aussie, which can make Australian wheat and barley less competitive in export markets. The effect on feed prices is indirect and small.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2026-08-28/asx-markets-business-news-live-updates/107087998

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