{
  "id": 16621078,
  "title": "Australian Dollar retreats from recent peak as RBA hike odds rise ahead CPI",
  "url": "https://urgent.news/2026/10/26/australian-dollar-retreats-from-recent-peak-as-rba-hike-odds-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T15:34:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-retreats-from-recent-peak-as-rba-hike-odds-rise-ahead-cpi-202610261534"
  },
  "original_language": "en",
  "account": "The Australian Dollar retreated from a recent high on Monday, sliding around 0.24% on the day to trade near 0.7015 against the US Dollar. This decline occurred as investors became more cautious ahead of several key economic announcements this week. The AUD may find support from forecasts of another interest rate hike by the Reserve Bank of Australia (RBA) during its upcoming November meeting. These hopes have grown following remarks from RBA Assistant Governor Sarah Hunter, who expressed concerns about inflation control and suggested possible further rate increases to tackle international inflationary pressures. Traders will be closely monitoring Australia's Consumer Price Index (CPI) release on Wednesday. If inflation proves higher than expected, it could bolster the case for more monetary tightening by the RBA, bolstering the Australian Dollar. Conversely, a significant slowdown in price increases might weaken expectations of additional rate hikes and put downward pressure on the currency. On the US side, the Dollar faced challenges in sustaining a modest recovery after hitting a three-week low. Falling US Treasury bond yields and hopes for reduced tensions in the Middle East are keeping demand for the Greenback low. However, geopolitical uncertainties could spur renewed safe-haven demand for the US Dollar. Market focus is also shifting to the Federal Reserve's (Fed) decision on interest rates, as announced during the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. Investors will scrutinize the central bank's outlook on future interest rates. In the interim, Thursday will see the advance estimate of third-quarter GDP and Personal Consumption Expenditures (PCE) Price Index, crucial inflation indicators closely watched by the Fed. Should these releases alter expectations for US interest rates, they could spark renewed volatility in AUD/USD, given the different monetary policy expectations between Australia and the US. TD Securities noted that markets had not fully priced in the likelihood of a follow-up RBA rate hike, but recent Deputy Governor Hauser's hawkish comments have changed this. TD believes the scenario of a November rate hike by the RBA is now likely, with a probability exceeding 60% in the market. The technical analysis shows AUD/USD trading near 0.7018, slightly below the 100-hour moving average and still above the longer-term 200-hour moving average. Support is expected around 0.7013, with resistance near the 100-hour moving average and a stronger barrier at 0.7040.",
  "summary": "AUD/USD edges lower on Monday, trading around 0.7015 at the time of writing, down 0.24% on the day. The pair retreats after reaching its highest level in a month earlier in the day, as investors adopt a cautious stance ahead of several major economic events this week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hedgeweek",
        "title": "Asset managers build record Australian dollar shorts amid risk-off shift",
        "url": "https://urgent.news/2026/10/26/asset-managers-build-record-australian-dollar-shorts-amid-risk-off",
        "published": "2026-10-26T10:40:00.000Z"
      }
    ]
  },
  "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."
}