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AUD/USD rose to about 0.7200 in Asian trade as strong July inflation lifted Reserve Bank of Australia rate-hike bets. Markets priced roughly a 50% chance of a September RBA hike and a fully priced November move.
Major banks including NAB, CBA and ANZ revised their cash-rate forecasts higher.
Higher Australian rates support the Aussie and can squeeze the competitiveness of Australian grain exports priced in US dollars. Broader flows toward higher-yielding currencies also influence the Aussie's trend.
fxstreet.comAkhtar FaruquiAug 28, 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.
