{
  "id": 6188477,
  "title": "Australian Dollar rides thin-trading lift as Fed test looms",
  "url": "https://urgent.news/2026/09/07/australian-dollar-rides-thin-trading-lift-as-fed-test-looms",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T22:53:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-rides-thin-trading-lift-as-fed-test-looms-202609072253"
  },
  "original_language": "en",
  "account": "The Australian Dollar rose for a fourth consecutive day, increasing 0.22% against the US Dollar, as trading volumes remained minimal due to US financial markets being closed for Labor Day. The AUD/USD rate stood at 0.7218, after rebounding from a low of 0.7194. Market sentiment was mixed, following Monday's session, as indicated by European equity markets. The US Dollar Index (DXY), which measures the strength of the US currency relative to six others, dropped 0.26% to 98.90. Tensions in the US-Iran conflict intensified, as Iran stated a deal with Oman regarding the Strait of Hormuz was nearing completion. Bloomberg reported this deal would involve a temporary safe passage through Hormuz, sparking questions about the US response after military strikes on Iranian tankers over the weekend. Last week, strong US employment data, surpassing forecasts, and the revised July figure reinforced expectations of a Federal Reserve rate hike following Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole conference, which suggested the labor market was \"consistent with full employment.\" On Tuesday, Australians will receive economic data, including Westpac Consumer Confidence for September and statements from Reserve Bank of Australia (RBA) officials, such as Assistant Governor Sarah Hunter and Deputy Governor Andrew Hauser. The US economic agenda includes inflation data, jobless claims, and the University of Michigan Consumer Sentiment. In the daily chart, AUD/USD trades at 0.7219, maintaining a bullish outlook as it stays above the simple moving average near 0.7045 and follows a series of rising trend-line supports. The Relative Strength Index (14) is approximately 68, indicating strong but not yet extreme upside momentum, while price action stays close to an ascending trend base, implying that declines are likely to receive buying interest as long as the pair stays above these structural supports. On the downside, support begins near the horizontal level of 0.7198, bolstered by a nearby rising trend-line pivot just below 0.72, before the simple moving average acts as a more significant medium-term floor. With no clear resistance levels in the current data, the expected direction is upward while AUD/USD stays above these supports, although a drop beneath the 0.72 area would indicate a more substantial correction towards the mid-0.70s.",
  "summary": "The Aussie Dollar climbed for the fourth straight day, up 0.22% against the US Dollar, amid thin volumes as US financial markets were closed in observance of the Labour Day Holiday. The AUD/USD trades at 0.7218, after bouncing off daily lows of 0.7194.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro benefits from weaker US Dollar as ECB decision looms",
        "url": "https://urgent.news/2026/09/07/euro-benefits-from-weaker-us-dollar-as-ecb-decision-looms",
        "published": "2026-09-07T12:53:46.000Z"
      }
    ]
  },
  "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."
}