{
  "id": 6112219,
  "title": "Australian Dollar posts fresh three-month high amid hawkish RBA prospects",
  "url": "https://urgent.news/2026/09/07/australian-dollar-posts-fresh-three-month-high-amid-hawkish-rba",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T06:47:32.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-posts-fresh-three-month-high-amid-hawkish-rba-prospects-202609070647"
  },
  "original_language": "en",
  "account": "The Australian Dollar traded 0.13% higher against the US Dollar during the European session on Monday, reaching a three-month high of approximately 0.7217. This surge in the Australian currency follows optimistic predictions that the Reserve Bank of Australia (RBA) will raise interest rates at their upcoming meeting, fueled by stronger-than-anticipated second-quarter Gross Domestic Product (GDP) data. Rabobank analysts noted that the Q2 GDP growth of 0.4% quarter-over-quarter and 2.1% year-over-year exceeded forecasts, which \"likely guarantees an RBA rate hike this month.\" Commenting on the matter, Commonwealth Bank of Australia strategists suggested that the Aussie dollar might remain around 72 cents throughout the week, especially if RBA Deputy Governor Andrew Hauser expresses a hawkish stance, as reported by Reuters. Meanwhile, the US Dollar faces challenges in attracting substantial investment despite the United States Nonfarm Payrolls (NFP) data remaining stronger-than-expected, which has increased expectations for a September Federal Reserve (Fed) rate hike. Commerzbank analysts pointed out that the stronger-than-anticipated US employment report has raised the probability of a 25 basis point hike at the Fed's September meeting to 62%, up from 51% before the data release. With the daily AUD/USD chart trading at 0.7217, the currency pair exhibits a bullish short-term outlook as it surpasses its 100-day simple moving average (SMA) of 0.7079, indicating sustained buying interest. The Relative Strength Index (RSI) stands around 68, nearing the overbought threshold, suggesting that the bullish momentum could be nearing a consolidation phase if fresh highs fail to emerge. The 100-day SMA serves as the main support level at 0.7079; a sustained decline below this level may trigger dip-buying opportunities, provided it holds on a closing basis. A break below this moving average would undermine the bullish setup and pave the way for a broader corrective phase, while staying above it focuses on higher levels. In the long term, AUD/USD could target the four-year high of 0.7275. The Reserve Bank of Australia (RBA) is responsible for setting interest rates and managing monetary policy in Australia, aiming to maintain price stability, an inflation rate of 2-3%, and fostering economic prosperity. The RBA primarily utilizes interest rate adjustments, quantitative easing and tightening as tools to achieve its mandate. Strong macroeconomic indicators, such as GDP, manufacturing and services PMIs, employment data, and consumer sentiment surveys, influence the value of the Australian Dollar. A robust economy may prompt the RBA to increase interest rates, supporting the Australian Dollar.",
  "summary": "The Australian Dollar (AUD) trades 0.13% higher at around 0.7217 against the US Dollar (USD) during the European trading session on Monday, the highest level seen in over three months.",
  "key_points": [
    "Australian Dollar reaches three-month high at 0.7217 against US Dollar",
    "Strong Q2 GDP growth of 0.4% QoQ and 2.1% YoY fuels rate hike expectations",
    "RBA Deputy Governor Andrew Hauser's hawkish stance may keep AUD around 72 cents"
  ],
  "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."
}