Aussie caught between hot US inflation and RBA hike bets: Oct 31, 2026
The Australian dollar has been caught between hot US inflation data, after which it broke below its 100-day moving average, and hotter domestic inflation that renewed bets on RBA tightening. Coverage points to expectations for a 25bp hike as soon as next week, with inflation described as persistent and supporting back-to-back moves.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the AUD/USD page.
Headlines (12)
Carried over from earlier days
- RBA set for fifth 2026 hike to 4.85% as banks flag risk of another move in FebruaryInvestingLive
- Reserve Bank of Australia’s Blunt Messaging Raises Questions About Peak in RatesThe Wall Street Journal
- AUD/USD Price Forecast: Tests consolidation breakout near 0.7040FXStreet
- Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisisThe Guardian
- RBA set to hike as inflation proves more persistentING Think
- Australian Dollar: Upside capped at 0.7070 against US Dollar - UOBFXStreet
- Opening Statement to the Senate Economics Legislation Committee (Supplementary Budget Estimates)bis.org
- ING lifts AUD/USD target to 0.71 as it backs a 25bp RBA hike next weekInvestingLive
- RBA set for back-to-back hike after hot CPI, says Natixis’ Garcia HerreroInvestingLive
- Australian Dollar breaks below 100-day SMA after hot US inflation dataFXStreet
- Cliff Notes: The Source and Persistence of InflationActionForex
- Australian Dollar nudges higher on renewed RBA tightening bets after hotter inflationFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| MI Inflation Gauge m/m | AUD | |
| Building Approvals m/m | 1.8% | AUD |
| Household Spending m/m | AUD | |
| Commodity Prices y/y | AUD | |
| Final Manufacturing PMI | 56.0 | USD |
| Construction Spending m/m | 0.3% | USD |