{
  "id": 10712590,
  "title": "Australian Dollar falls below 0.7000 as RBA hike fails to convince bulls",
  "url": "https://urgent.news/2026/09/29/australian-dollar-falls-below-0-7000-as-rba-hike-fails-to-convince",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T14:49:35.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-falls-below-07000-as-rba-hike-fails-to-convince-bulls-202609291449"
  },
  "original_language": "en",
  "account": "The Australian Dollar fell below 0.7000 on Tuesday as the Reserve Bank of Australia's decision to raise its Cash Rate did not impress investors. The AUD/USD pair initially surged toward 0.7030 before plummeting to the 0.6980 region. The RBA's move to increase the Cash Rate by 25 basis points to 4.60% marked the highest level in around 15 years. While the decision was expected, the focus soon shifted to the comments made by RBA Governor Michele Bullock during her press conference. She acknowledged that the four hikes this year might be sufficient to curb inflation, hinting that further rate hikes might not be required. However, this softer tone undermined some of the hawkishness of the RBA's announcement. The US Dollar remained supported by high US Treasury yields and the possibility of further Fed rate hikes. Meanwhile, global economic data, such as the PCE Price Index and Nonfarm Payrolls, would offer more insights into the Federal Reserve's next move. As the Australian Dollar struggled to surpass the 0.7000 level, traders kept a watchful eye on upcoming US economic releases, which could provide further clues on the Federal Reserve's future monetary policy decisions.",
  "summary": "AUD/USD trades around 0.6990 at the time of writing on Tuesday, down 0.39% on the day, after failing to sustain an initial rally following the Reserve Bank of Australia’s (RBA) monetary policy decision.",
  "key_points": [
    "Australian Dollar drops below 0.7000 against US Dollar",
    "RBA raises Cash Rate by 25 basis points to 4.60%",
    "RBA Governor suggests four hikes may be enough for inflation control"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand Dollar falls toward 0.5650 despite rising RBNZ rate hike bets",
        "url": "https://urgent.news/2026/09/29/new-zealand-dollar-falls-toward-0-5650-despite-rising-rbnz-rate-hike",
        "published": "2026-09-29T11:01:03.000Z"
      }
    ]
  },
  "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."
}