{
  "id": 10500830,
  "title": "Forex Today: The RBA and Fedspeak grab all the attention",
  "url": "https://urgent.news/2026/09/28/forex-today-the-rba-and-fedspeak-grab-all-the-attention",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T18:08:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-the-rba-and-fedspeak-grab-all-the-attention-202609281808"
  },
  "original_language": "en",
  "account": "The US Dollar gained slightly over the week, marking a return to its recent uptrend following a brief setback on Friday. The Federal Reserve's ongoing tightening measures remain a focal point in discussions, while heightened tensions in the Middle East have bolstered the dollar and curbed potential declines. The US Dollar Index (DXY) sustained its position just above the 101.00 mark, propelled by a persistent upward trajectory in US Treasury yields. Upcoming economic releases, including the FHFA's House Price Index, JOLTs Job Openings data, the Conference Board's Consumer Confidence gauge, and the API's weekly report on US crude inventories, will be released alongside the Federal Reserve's Goolsbee, Musalem, and Williams speeches.\n\nThe Euro depreciated from Friday's peak, reorienting towards the lower end of its trading range near 1.1350. The latest European Consumer Confidence data, along with Consumer Inflation Expectations from the European Commission, are slated for release. The British Pound has extended Friday's rally, achieving new three-day highs around 1.3280. Trading ahead of the Bank of England, the market will observe Mortgage Approvals, Lending, M4 Money Supply, Consumer Credit, and Net Lending to Individuals data. The US Dollar/ Japanese Yen (USD/JPY) exhibited indecision in the low 157.00s, with sellers finding it challenging to extend Friday's sharp correction. Japan will only witness the release of the final Coincident and Leading Economic Indexes. The Australian Dollar has oscillated in an uncertain range, nearing the 0.7000 level once again. The Reserve Bank of Australia (RBA) is expected to raise its official cash rate (OCR) during its upcoming meeting. Household Spending figures will be unveiled, alongside WTI futures, which have retreated from their initial surge past the $96.00 level per barrel, now hovering around $93.00 as geopolitical tensions between the US and Iran in the Hormuz Strait resurface. Gold has retreated to levels last observed in early August, hovering near the $4,100 mark per troy ounce, following a stronger US Dollar and a robust rebound in US Treasury yields across the yield curve. Born and bred in Argentina, Pablo has been immersed in the FX markets and trading since his college years. At the start of the new week, AUD/USD is buoyed by the strengthening US Dollar, trading near its lowest level since August 4th amid sustained inflation concerns from higher oil prices and expectations of an October Fed rate hike. The US Dollar's resurgence is reinforced by the US-Iran conflict, which supports safe-haven assets and exerts downward pressure on the pair ahead of the Reserve Bank of Australia's policy decision on Tuesday. USD/JPY encounters support as traders anticipate potential intervention by Japanese authorities to stabilize the Yen, though the Bank of Japan's dovish minutes limit the Yen's upside. As the week begins, gold faces selling pressure, trading close to the $4,100 mark per troy ounce, a level not seen since early August. Geopolitical uncertainties, coupled with a firmer US Dollar and a rise in US Treasury yields, weigh heavily on the precious metal. Meanwhile, Bitcoin trades below $82,800, after a week of gains exceeding 4%. Strong institutional demand, bolstered by inflows into spot Bitcoin Exchange Traded Funds, continues to fuel the cryptocurrency's appeal. In the UK, diesel prices hit a record high, reflecting growing economic uncertainties. The market anticipates an aggressive Federal Reserve rate hiking cycle, yet questions its necessity given the current economic landscape. Oil supply concerns are easing despite rising oil prices, sparking speculation about the future trajectory of the AI trade. Both the Federal Reserve and the Bank of Japan recently increased interest rates by 25 basis points, both grappling with inflationary pressures and signaling that future policy decisions will hinge on forthcoming economic indicators.",
  "summary": "The US Dollar (USD) has stated the week with slight gains, resuming its recent uptrend and leaving behind Friday’s hiccup.",
  "key_points": [
    "US Dollar gains slightly, marking uptrend return",
    "Euro depreciates, trading near 1.1350 level",
    "RBA expected to raise OCR during meeting"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}