{
  "id": 7346304,
  "title": "Australian Dollar slides to monthly low as Fed hike odds firm",
  "url": "https://urgent.news/2026/09/14/australian-dollar-slides-to-monthly-low-as-fed-hike-odds-firm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T15:28:26.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-slides-to-monthly-low-as-fed-hike-odds-firm-202609141528"
  },
  "original_language": "en",
  "account": "The Australian Dollar reached a new monthly low of 0.7100s on Monday, driven by a steady stream of U.S. economic data. This has increased the likelihood of a Federal Reserve (Fed) rate hike at its upcoming meeting to 90%, up from approximately 60% a week ago. Despite higher oil prices, which typically benefit commodity currencies, they are not counteracting the downward trend. Risk sentiment has deteriorated as U.S. stock index futures show significant declines due to concerns about AI-related stocks, while China's recent lending data has not bolstered confidence in China-linked currencies. When China releases its economic data on Monday, analysts anticipate an increase in Industrial Production to 4.8% year-over-year from 4.5% and an uptick in Retail Sales to 0.8% from 0.6%. On the 4-hour chart, AUD/USD is currently at 0.7119, breaking below both the 20-period and 100-period Simple Moving Averages (SMAs), reinforcing a bearish short-term outlook. The 14-period Relative Strength Index (RSI) has entered oversold territory near 22, suggesting that while the downside pressure is prevalent, the selling momentum might weaken in the near term. If the pair dips further, initial resistance could be found at 0.7125, followed by horizontal support levels at 0.7131 and 0.7137, before reaching the crowded SMA zone around 0.7177-0.7179. The AUD/USD currency pair dropped to an almost one-and-a-half-week low near the 0.7140 mark during Monday's Asian session, but it failed to find support. Currently, spot prices are trading just above the mid-0.7100 range, marking a nearly 0.25% decrease for the day. Meanwhile, USD/JPY gained some traction at the start of the new week, nearing the 154.00 level during the Asian session, partially recovering from Friday's losses. However, prices are still fluctuating within a range established over the past week, nearing a seven-month low last Tuesday, as traders await crucial Fed meetings. Gold continued its downward trajectory on Monday, nearing the $4,250 mark or multi-week lows, following the surge in the U.S. dollar and rising U.S. Treasury yields across the yield curve. This decline is attributed to expectations of a Fed rate hike and heightened inflation concerns due to the rise in crude oil prices. Bitcoin edged upward, trading near $77,884 as of Monday, alongside broader gains across the cryptocurrency market. Ethereum and Ripple, however, remain closely tied to Bitcoin's neutral-to-bullish trend, maintaining key support levels at $2,521 and $1.38, respectively. Bets on a Fed rate hike have intensified after recent Preliminary Purchasing Managers' Index (PPI) and Consumer Price Index (CPI) reports. Traders will closely monitor the updated dot plot, which will play a crucial role in determining the dollar's reaction.",
  "summary": "AUD/USD slipped to a new monthly low in the 0.7100s on Monday, driven by a firm run of United States (US) data that has pushed the market toward pricing in a Federal Reserve (Fed) rate hike at its meeting later this week.",
  "key_points": [
    "Australian Dollar hits monthly low at 0.7100",
    "Fed rate hike odds rise to 90% from 60%",
    "USD/JPY gains traction near 154.00 level"
  ],
  "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."
}