Aussie breaks 0.70 as hawkish RBA warning lifts rate bets: Oct 21, 2026
The Australian dollar broke above 0.7000 to trade near a monthly and two-week high. The move followed warnings from RBA deputy Hauser that the inflation outlook appears worse than forecast, raising expectations of a fifth interest rate hike this year. US tech jitters undermining the US dollar and the PBoC leaving rates steady also featured in the background.
Updated
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Headlines (10)
First seen on October 21
- RBA's Hauser: Inflation outlook appears worse than forecast, slightly above expectationsFXStreet
- Australian Dollar trades near monthly high, above 0.7000 as hawkish RBA offsets USD uptickFXStreet
Carried over from earlier days
- Australian Dollar remains stronger following stronger China dataFXStreet
- Australian Dollar: Aussie holds near highs against US Dollar - BBHFXStreet
- AUD and CAD Outperform on Separate Catalysts as French Yields Eyeing 5%ActionForex
- Australian Dollar holds onto gains against US Dollar, PBoC leaves rates steadyFXStreet
- Australian Dollar firms as US tech jitters undermine US DollarFXStreet
- More from RBA’s (hawkish) Hauser: Q3 trimmed mean set to run hotter than expectedInvestingLive
- Aussie Dollar breaks 0.70 as RBA inflation warning fuels two-week highFXStreet
- Odds of fifth interest rate hike this year likely to shorten as RBA deputy warns inflation outlook ‘worsening’The Guardian
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 21 | ||
| Crude Oil Inventories | -0.1M | USD |
| Thursday, October 22 | ||
| Unemployment Claims | 200K | USD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 83B | USD |
| Flash Services PMI | AUD | |
| Flash Manufacturing PMI | AUD | |
| Friday, October 23 | ||
| Flash Services PMI | 57.8 | USD |
| Flash Manufacturing PMI | 55.4 | USD |