{
  "id": 1503801,
  "title": "Australian Dollar climbs to two-month highs amid a soft US Dollar",
  "url": "https://urgent.news/2026/08/17/australian-dollar-climbs-to-two-month-highs-amid-a-soft-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T15:20:35.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-climbs-to-two-month-highs-amid-a-soft-us-dollar-202608171520"
  },
  "original_language": "en",
  "account": "The Australian Dollar reached two-month highs on Monday, trading near the 0.7100 zone. This surge can be attributed to a broadly weak US Dollar (USD), rather than any positive developments in Australia. The US Dollar has been struggling due to a series of soft economic indicators from the Federal Reserve. The Fed's benchmark rate has remained at 3.50%-3.75%, with dissenting opinions from three officials who favored a rate hike due to inflation concerns. Chinese economic data released on Sunday night and early Monday showed a slowdown in industrial production and retail sales, both missing market expectations. These factors suggest a slowdown in domestic activity within China. Despite these numbers, the Australian Dollar has managed to stay strong, indicating a one-sided story with the weak Greenback dominating the market. The 4-hour chart shows AUD/USD trading at 0.7115, maintaining a bullish outlook as it stays above both the 20-period and 100-period Simple Moving Averages. The pair is also near horizontal support at 0.7108, and the Relative Strength Index (RSI) is near 69, suggesting an overbought momentum that may slow the advance without reversing it. Immediate resistance lies at 0.7124, followed by a strong barrier at 0.7127 and 0.7129, where sellers could defend the recent gains. On the downside, initial support is at 0.7108, with the 20-period and 100-period SMAs providing deeper demand levels if a correction occurs.",
  "summary": "AUD/USD extended its recovery on Monday, pushing to fresh 10-week highs and holding near the 0.7100 zone. At the time of writing, the pair is 0.40% up for the day, driven almost entirely by a broadly weak US Dollar (USD) rather than anything positive out of Australia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand Dollar hits two-month high as US Dollar weakness offsets softer China data",
        "url": "https://urgent.news/2026/08/17/new-zealand-dollar-hits-two-month-high-as-us-dollar-weakness-offsets",
        "published": "2026-08-17T13:01:04.000Z"
      }
    ]
  },
  "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."
}