AUD/USD holds above 0.7000 on hot CPI ahead of Fed decision: Oct 28, 2026
The Australian dollar hit a fresh one-month high above 0.7000 after Australia's inflation rate rose to 4.3% on a hot CPI print. RBA Governor Bullock said the oil shock leaves inflation above August forecasts ahead of the Board meeting next week, while a firmer US dollar and focus on the Fed decision are also in view.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (10)
First seen on October 28
- Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this yearThe Guardian
- RBA’s Bullock: oil shock means inflation above August forecasts, Board meets next weekInvestingLive
- Australian Dollar hits fresh one-month high on hot CPI; firmer USD caps ahead of FOMCFXStreet
- AUD/NZD in focus as hawkish RBA signals clash with RBNZ’s surprise 4-3 holdInvestingLive
Carried over from earlier days
- Aussie Starts a Big Week on the Front FootActionForex
- Australian Dollar gathers strength above 0.7000, Australia's CPI and Fed rate decision in focusFXStreet
- AUD/USD Price Forecast: Holds above 0.7000 as bulls await breakout above 100-SMA hurdleFXStreet
- AUD/USD, NZD/USD Face Explosive CPI, RBNZ DoubleheaderInvesting.com
- AUD/USD Price Forecast: Consolidates above 20-day EMA as focus shifts to Fed’s policyFXStreet
- Australian Dollar holds near one-month highs with CPI and Fed in focusFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 28 | ||
| RBA Gov Bullock Speaks | AUD | |
| CPI y/y | 4.2% | AUD |
| Trimmed Mean CPI m/m | 0.3% | AUD |
| CPI m/m | 0.7% | AUD |
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Goods Trade Balance | -130.4B | USD |
| Crude Oil Inventories | 0.1M | USD |
| FOMC Statement | USD | |