# Australian dollar extends winning streak to ninth week as rate outlook shifts - Markets - Business Recorder

> The Australian dollar extended its winning streak to nine weeks, reaching $0.7204 and nearing its May high of $0.7277. Three-year bond yields rose 10 basis points on the week as markets priced a 52% chance of an RBA hike next month. A quarter-point move by year-end is now fully priced.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/18148-australian-dollar-extends-winning-streak-to-ninth-week-as-rate-outlook-shifts
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rapid rate repricing and a strong Aussie are a headwind for Australian export competitiveness and can pull on dollar-denominated grain prices. Analysts flag medium-term downside if tightening weighs on growth.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40436843

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