{
  "id": 576138,
  "title": "Australian Dollar: RBA policy path caps upside against US Dollar – Societe Generale",
  "url": "https://urgent.news/2026/08/11/australian-dollar-rba-policy-path-caps-upside-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T15:05:25.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-rba-policy-path-caps-upside-against-us-dollar-societe-generale-202608111505"
  },
  "original_language": "en",
  "account": "Societe Generale's Kenneth Broux notes the ongoing pressure on the Australian Dollar following the RBA's decision to remove a projected rate hike, maintaining the cash rate at 4.35% with a projected policy rate close to 4.40% through 2028. This updated stance, combined with lower inflation forecasts, dampens volatility in AUD/USD. Technical analysts watch support zones around 0.6980 and resistance levels at 0.7120 and 0.7200/0.7275. The RBA's decision has led to more disappointment for the Australian currency in the coming weeks. Instead of peaking at 4.7% by June 2028, the policy rate is now expected to remain steady at 4.4% throughout 2028 but with a slight upside potential of 10 basis points in 2027. This policy freeze until mid-2028 reduces implied AUD/USD volatility, potentially offering support to the dollar and yen (bond vigilantes, carry). The 10-year ACGB yield remains high near 5.0%, mirroring the upward trend in developed market yields with resistance at 5.10%.",
  "summary": "Societe Generale’s Kenneth Broux highlights ongoing pressure on the Australian Dollar after the RBA removed one projected rate hike, keeping the cash rate at 4.35% and projecting the policy rate around 4.40% through 2028.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Singapore Dollar: Range bias with upside risk against US Dollar – UOB",
        "url": "https://urgent.news/2026/08/11/singapore-dollar-range-bias-with-upside-risk-against-us-dollar-uob",
        "published": "2026-08-11T19:13:10.000Z"
      }
    ]
  },
  "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."
}