Aussie breaks 0.70 as RBA inflation warning fuels hike bets: Oct 22, 2026
The Australian dollar broke above 0.70 to a two-week high and refreshed its monthly top. The move followed warnings from the RBA that the inflation outlook is worsening, which fueled bets on further interest rate hikes. That hawkish repricing countered an uptick in the US dollar, with US tech jitters undermining the US currency, while the Aussie also outran the euro despite Iran war jitters.
Updated
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Headlines (8)
Carried over from earlier days
- Australian Dollar firms as US tech jitters undermine US DollarFXStreet
- 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
- Australia’s Inflation Outlook Materially Worse, RBA SaysThe Wall Street Journal
- RBA's Hauser: Inflation outlook appears worse than forecast, slightly above expectationsFXStreet
- Australian Dollar refreshes monthly top as hawkish RBA counters USD uptickFXStreet
- French Bond Yields Hit 5% as Aussie Outruns Euro on RBA RepricingActionForex
- Australian Dollar defies Iran war jitters as RBA hike bets doubleFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| Unemployment Claims | 200K | USD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 80B | USD |
| Flash Manufacturing PMI | AUD | |
| Flash Services PMI | AUD | |
| Friday, October 23 | ||
| Flash Services PMI | 57.9 | USD |
| Flash Manufacturing PMI | 55.4 | USD |
| Revised UoM Inflation Expectations | USD | |