Aussie hits one-month high on hot CPI ahead of FOMC: Oct 29, 2026
The Australian dollar hit a fresh one-month high and held above 0.7000 after Australia's inflation rose to 4.3%, raising talk of a further interest rate hike this year. The move matters for AUD/USD because hotter domestic inflation contrasts with a Federal Reserve pause and split over inflation, with a firmer US dollar and the upcoming FOMC decision keeping focus on both central banks' policy paths.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the AUD/USD page.
Headlines (9)
Carried over from earlier days
- 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
- Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this yearThe Guardian
- Australian Dollar hits fresh one-month high on hot CPI; firmer USD caps ahead of FOMCFXStreet
- Australian Dollar finds fresh momentum as inflation surprises ahead of Fed decisionFXStreet
- AUDUSD ping-pongs between moving averages. What would break the stalemate?InvestingLive
- Australian Dollar holds firm as Fed pause exposes split over inflationFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 29 | ||
| Import Prices q/q | 1.3% | AUD |
| Core PCE Price Index m/m | 0.3% | USD |
| Advance GDP Price Index q/q | 3.2% | USD |
| Advance GDP q/q | 3.2% | USD |
| Personal Income m/m | 0.3% | USD |
| Personal Spending m/m | 0.6% | USD |
| Unemployment Claims | 198K | USD |
| Natural Gas Storage | 75B | USD |