# ASX 200 LIVE: ASX ends higher after CPI keeps RBA rate rise in play for August, AUD falls below US69¢ to 11-week low

> The ASX 200 closed higher after mixed May CPI kept an RBA rate rise in play for August, while the AUD fell to an 11-week low of US68.99 cents before recovering to US69.15 cents. Oil prices tracked their best close since the Iran war began, and US rate-hike bets lifted the greenback.

- Date: 2026-06-23 · published 2026-06-23T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19076-asx-200-live-asx-ends-higher-after-cpi-keeps-rba-rate-rise-in-play-for-august
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The AUD's weakness reflects stronger US dollar expectations, which makes Australian commodity exports cheaper in USD terms. Oil moves tied to the Iran war affect energy costs that feed into the broader inflation outlook.

## Read by commodity

- BRENT: neutral
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-08-28 | [Commodities Week Ahead: After Fed, US Jobs Pose Next Challenge for Oil \| Investing.com](https://feedsoft.ai/events/34486-commodities-week-ahead-after-fed-us-jobs-pose-next-challenge-for-oil-investing.md) | +5.1% | +10.2% |
| BRENT | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | +0.6% | +10.4% |
| BRENT | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -2.0% | +4.9% |
| BRENT | 2018-12-05 | [Australian dollar drops, ASX expected to recover after global sell-off - ABC News](https://feedsoft.ai/events/61807-australian-dollar-drops-asx-expected-to-recover-after-global-sell-off-abc-news.md) | -2.7% | -11.5% |
| BRENT | 2023-02-24 | [Week in Review – February 24, 2023 - Mansfield Energy](https://feedsoft.ai/events/37502-week-in-review-february-24-2023-mansfield-energy.md) | +2.8% | -8.6% |

## Sources

- afr.com: https://www.afr.com/markets/equity-markets/asx-to-rise-a-tumbles-semis-hit-by-selling-wave-20260624-p609hd

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