{
  "id": 3436835,
  "title": "AUD/USD Price Forecast: Hot Australian CPI data boosts hawkish RBA bets",
  "url": "https://urgent.news/2026/08/26/aud-usd-price-forecast-hot-australian-cpi-data-boosts-hawkish-rba-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T05:48:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/aud-usd-price-forecast-hot-australian-cpi-data-boosts-hawkish-rba-bets-202608260548"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) experienced a boost in Wednesday's early European trading session, climbing 0.2% to approach a rate of 0.7180 against the US Dollar (USD). This surge was fueled by Australian Consumer Price Index (CPI) data that surpassed projections, raising expectations of another interest rate increase by the Reserve Bank of Australia (RBA) in 2023. AUD showed strong performance against the New Zealand Dollar (NZD) in the table illustrating percentage changes against major currencies. On July 1, the Australian Bureau of Statistics revealed that consumer price pressures surged by 1% MoM, a rate exceeding forecasts of 0.8%. The annualized growth rate stood at 3.5%, slightly below the 3.8% forecast but higher than June's 3.2%. This improved inflation data led market participants to raise the likelihood of a fourth RBA rate hike from 17% to 36% for September, with a February hike now priced at 94%. The RBA's July policy meeting minutes, released on Tuesday, indicated that several board members consider an interest rate rise \"quite possible\" if rising inflation pressures become apparent. Investors are also anticipating the release of the US Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT. The core PCE inflation is expected to remain steady at 3.3% YoY, with a 0.2% monthly increase, outpacing the June figure of 0.1%. In technical analysis, AUD/USD is currently trading at 0.7178, staying above the 20-period exponential moving average (EMA) at 0.7092, indicating a bullish near-term trend. The Relative Strength Index (14) at 68.36 is near overbought levels, reflecting robust but growing momentum. If AUD/USD breaks above the May 29 high of 0.7201, it could reach a four-year high of 0.7278.",
  "summary": "The Australian Dollar (AUD) outperforms its major currency peers on Wednesday, trading 0.2% higher to near 0.7180 against the US Dollar (USD) during the early European trading session.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CAD Price Forecast: Bearish indicators keep the path tilted lower",
        "url": "https://urgent.news/2026/08/25/usd-cad-price-forecast-bearish-indicators-keep-the-path-tilted-lower",
        "published": "2026-08-25T17:56:36.000Z"
      }
    ]
  },
  "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."
}