# AUD/USD hits 11-week low as resurgent US dollar meets mixed Australian CPI | IG AU

> AUD/USD fell to an 11-week low of 0.6899 after Australian May CPI showed headline inflation easing to 4.0% year-on-year, below consensus, while the RBA's trimmed mean rose to 3.6%. The Aussie has dropped more than 5% from its early-May high of 0.7277 as the US dollar strengthened.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19073-aud-usd-hits-11-week-low-as-resurgent-us-dollar-meets-mixed-australian-cpi-ig-au
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Persistent underlying inflation keeps the RBA on a tightening path, which supports the AUD, but the broader US dollar strength is the dominant pressure. A weaker AUD marginally improves Australian export competitiveness for feed commodities.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- ig.com: https://www.ig.com/au/news-and-trade-ideas/aud-usd-hits-11-week-low-as-resurgent-us-dollar-meets-mixed-aust-260624

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