{
  "id": 19420955,
  "title": "Australian Dollar breaks 0.69 as hot US CPI raises 50-bp Fed hike risk",
  "url": "https://urgent.news/2026/11/10/australian-dollar-breaks-0-69-as-hot-us-cpi-raises-50-bp-fed-hike-risk",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T23:48:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-breaks-069-as-hot-us-cpi-raises-50-bp-fed-hike-risk-202611102348"
  },
  "original_language": "en",
  "account": "On Tuesday, the Australian Dollar saw its value drop by 0.88% against the US Dollar, as a strong US inflation report indicated a potential rate increase by the Federal Reserve at their December meeting. The US Consumer Price Index (CPI) surged by 0.4% month-over-month, an increase from the 0.6% decline expected, but it still exceeded forecasts of a 0.3% decline. Core CPI, which measures inflation more accurately, grew by 0.3% month-over-month, above forecasts of 0.2% and in line with September's results. Fed Governor Christopher Waller's remarks suggested that if core CPI reached 0.3%, he would opt for a 50 basis point hike, as a 25 basis point increase might compromise the Fed's credibility. Fed Governor Michelle Bowman echoed concerns about persistent inflation and a strong labor market, stating that there is still work to be done. Earlier, Kansas City Fed President Jeffrey Schmid believed the rate environment was not restrictive, while Dallas Fed President Lorie Logan advocated for more aggressive rate hikes in the coming winter. The data reflected a decline in Australian consumer sentiment to a four-year low in November, following the Reserve Bank of Australia's (RBA) rate hikes throughout the year. The Westpac-Melbourne Institute survey's main index of consumer sentiment fell by 2.7% to 78.2 in November. On the technical chart, AUD/USD is trading at 0.6870, with a bearish near-term outlook as it remains below the latest triple simple moving average at 0.7034 and below a broader descending trend line originating near 0.8015. Resistance can be found near 0.6897, followed by the triple simple moving average at 0.7034, while support is provided by the rising trend-line pivot at 0.6865 and the next rising floor at 0.6833.",
  "summary": "The Aussie Dollar registers a 0.88% loss against the US Dollar on Tuesday, as a hot US inflation report has cemented the case for a rate hike by the Federal Reserve (Fed) at the December meeting, following hawkish remarks by Governor Christopher Waller. The AUD/USD trades below 0.6900.",
  "key_points": [],
  "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."
}