{
  "id": 11345388,
  "title": "Australian Dollar loses as US Dollar receives support from persistent inflation concerns",
  "url": "https://urgent.news/2026/10/02/australian-dollar-loses-as-us-dollar-receives-support-from-persistent",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T03:02:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-loses-as-us-dollar-receives-support-from-persistent-inflation-concerns-202610020302"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) experienced a decline for the fifth consecutive day, trading near 0.6930 during the Asian session on Friday. This decline occurred as the US Dollar (USD) gained strong support from persistent inflation concerns and expectations of higher US interest rates. Traders closely monitored the release of the US September employment data ahead of Friday, looking for indications on the future direction of Federal Reserve monetary policy. Economists anticipated Nonfarm Payrolls to report an addition of 90,000 jobs, showing a slowdown from the 162,000 jobs added in the previous month, while the Unemployment Rate was expected to stay at 4.1%. Matt Comyn, the chief executive of Australia's largest bank, Commonwealth Bank (CBA), mentioned that while CBA believed the Reserve Bank of Australia (RBA) had completed interest rate hikes for now, the board's November meeting remained open to another rate increase. Commerzbank’s Volkmar Baur acknowledged that inflation remained too high and would take time to return to the target range, but believed the RBA would avoid further rapid tightening due to lagged effects of previous hikes and weakening in the real estate sector. The AUD/USD pair traded at 0.6930, breaking below key support levels, with the 14-day Relative Strength Index (14) entering oversold territory near 25, indicating stretched selling pressure but corrective rebounds are more likely as long as price stays below these moving averages.",
  "summary": "AUD/USD remains subdued for the fifth consecutive day, trading around 0.6930 during the Asian hours on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar drifts toward 0.69 as USD shrugs off Fed patience",
        "url": "https://urgent.news/2026/10/01/australian-dollar-drifts-toward-0-69-as-usd-shrugs-off-fed-patience",
        "published": "2026-10-01T23:17:48.000Z"
      }
    ]
  },
  "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."
}