{
  "id": 4733817,
  "title": "Australian Dollar flat as Oil spike, Fed hawkish bets keep traders cautious",
  "url": "https://urgent.news/2026/08/31/australian-dollar-flat-as-oil-spike-fed-hawkish-bets-keep-traders",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T23:00:10.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-flat-as-oil-spike-fed-hawkish-bets-keep-traders-cautious-202608312300"
  },
  "original_language": "en",
  "account": "On Monday, the Australian Dollar remained stable at 0.7165 as energy prices surged due to Middle East tensions and heightened hawkish expectations from the Federal Reserve, causing US Treasury yields to climb. However, the AUD/USD pair failed to make significant gains, staying level due to traders waiting for a packed US economic agenda this week. Oil prices surged after the US and Iran fired back at each other, indicating a protracted conflict. Meanwhile, US President Trump vowed retaliation, stating Iran's strikes would be limited, confirming rumors from an Axios report. Prior to the week, hawkish remarks from Federal Reserve Chair Kevin Warsh had pressured the Australian Dollar, anticipating a Greenback recovery. Nevertheless, the economic calendar was sparse on Monday, with only the Dallas Fed manufacturing survey released, which beat expectations in August. In Australia, the focus would be on the S&P Global Manufacturing PMI for August and July's Building Permits, ahead of the Gross Domestic Product (GDP) figures on September 2. The trimmed mean CPI released on August 26 stood at 3.6% YoY, suggesting persistent core readings may boost the likelihood of a rate increase by the Reserve Bank of Australia (RBA). The RBA's latest meeting minutes showed members debated a 25 basis point move versus holding, with several participants concerned about upside inflation risks crystallizing. In the daily chart, AUD/USD is trading at 0.7166, retaining a bullish short-term outlook as the price stays above the latest simple moving average triple value near 0.7016 and a series of rising trend-line supports from the 0.6673-0.6897 region. Momentum is promising, with the 14-period Relative Strength Index in the low-60s, strengthening buying pressure but not reaching overbought levels. On the upside, the primary resistance lies at the horizontal barrier near 0.7198, before the longer-term descending trend line starting around 0.8015. The downside support is provided by the rising trend structure near 0.6897, coinciding with the supportive simple moving averages around 0.7016; a more significant decline would expose additional trend-line floors at approximately 0.6865, 0.6833, and 0.6673.",
  "summary": "The Aussie Dollar traded sideways on Monday, unchanged at 0.7165, as a jump in energy prices sparked by the Middle East conflict pushed US Treasury yields higher, but not the Greenback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Wall St dips as rising oil prices, hawkish Fed bets pressure stocks",
        "url": "https://urgent.news/2026/08/31/wall-st-dips-as-rising-oil-prices-hawkish-fed-bets-pressure-stocks-4672159",
        "published": "2026-08-31T16:37:02.000Z"
      }
    ]
  },
  "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."
}