{
  "id": 17144802,
  "title": "Australian Dollar breaks below 100-day SMA after hot US inflation data",
  "url": "https://urgent.news/2026/10/29/australian-dollar-breaks-below-100-day-sma-after-hot-us-inflation-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:46:14.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-breaks-below-100-day-sma-after-hot-us-inflation-data-202610292346"
  },
  "original_language": "en",
  "account": "The Australian Dollar slipped below the 100-day simple moving average in the wake of robust US inflation data, which bolstered the outlook for higher interest rates. The AUD/USD pair traded at 0.7020 on Thursday. Wall Street closed lower, mirroring a negative market sentiment. In the US, economic growth in the third quarter of 2026 came in at 3.4% year-over-year, surpassing expectations and previously reported figures of 3.2% and 2.2%. Meanwhile, the Federal Reserve's core personal consumption expenditures price index rose by 3.1% in September, in line with predictions. Early jobless claims for the week ending on October 24 dropped from 195K to 194K, below forecasts. This data prompted a decrease in the odds of a hawkish Federal Reserve stance, falling from 84% on Wednesday to 76% as of the writing.",
  "summary": "The Australian Dollar weakens against the US Dollar on Thursday after encountering a key resistance confluence at the 50- and 200-day SMAs, while strong US data reaffirmed the economy’s strength, which could increase the chances of higher interest rates. The AUD/USD trades at 0.7020.",
  "key_points": [
    "Australian Dollar falls below 100-day SMA",
    "US inflation data boosts interest rate outlook",
    "Economic growth and Fed data impact market sentiment"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}