{
  "id": 15989604,
  "title": "Australian Dollar weakens to near 0.7000 despite hawkish RBA stance",
  "url": "https://urgent.news/2026/10/22/australian-dollar-weakens-to-near-0-7000-despite-hawkish-rba-stance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T02:31:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-weakens-to-near-07000-despite-hawkish-rba-stance-202610220231"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) slipped to near 0.7000 during early Asian trading hours on Thursday, despite hawkish remarks from the Reserve Bank of Australia (RBA). Traders monitored the upcoming US Initial Jobless Claims data and the potential for a Reserve Bank of Australia (RBA) rate hike. RBA Deputy Governor Andrew Hauser warned that inflation was \"materially worse\" than previously forecast, which pushed the probability of a November rate increase up from 30% to 45%. If implemented, this would be the fifth rate hike for the year, raising the target to 4.85% and its highest level since the global financial crisis. Analysts at MUFG noted that the market had shifted towards a higher probability of additional RBA rate hikes this year due to these comments. The Fed Chair, Jerome Powell, delivered a cautiously optimistic speech, with his \"over-scared\" comment referencing the aftermath of the Global Financial Crisis. Market sentiment was mixed, with the FXS Speechtracker score remaining below the historical average, reflecting a slightly softer tone compared to expectations. The AUD/USD pair hovered near the 100-day simple moving average and the upper Bollinger band, providing nearby support and resistance levels for traders to watch.",
  "summary": "The AUD/USD pair loses momentum to around 0.7015 during the early Asian trading hours on Thursday. Risk-off bias and safe havens flows provide some support to the US Dollar (USD) against the Australian Dollar (AUD).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand's CPI inflation eases to 3.7% YoY in Q3, vs 3.8% expected",
        "url": "https://urgent.news/2026/10/21/new-zealands-cpi-inflation-eases-to-3-7-yoy-in-q3-vs-3-8-expected",
        "published": "2026-10-21T21:52:11.000Z"
      }
    ]
  },
  "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."
}