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The Australian dollar rose above 70 US cents for the first time since early 2023 after a consumer price index report showed inflation at 3.8% year on year in December, up from 3.4%. Trimmed mean inflation was 0.9% for the December quarter, and analysts said the Reserve Bank was likely to raise rates at its meeting on February 2 and 3.
Sticky inflation that prompts a rate hike lifts the currency through rate expectations. A stronger AUD raises the cost of Australian exports in US dollars, which can modestly support US feed and grain competitiveness.
aapnews.aap.com.auJan 28, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
