# Australian Dollar holds strong due to monetary policy divergences, eyes on PCE data from the US

> AUD/USD rose 0.90% to 0.6890 after positive Australian data and a hawkish RBA hold at 4.35%. Markets are watching the US PCE inflation release, which may affect expectations for further Federal Reserve cuts.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28577-australian-dollar-holds-strong-due-to-monetary-policy-divergences-eyes-on-pce
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer Aussie and expectations of Fed easing move the US dollar, which tends to support dollar-denominated commodity prices; the effect on feed markets is small.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-rises-sharply-on-rbas-hawkishness-usd-weakness-202409261948

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