{
  "id": 8855453,
  "title": "Australian dollar steadies after setback, rate support intact",
  "url": "https://urgent.news/2026/09/21/australian-dollar-steadies-after-setback-rate-support-intact",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T06:07:22.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440474/australian-dollar-steadies-after-setback-rate-support-intact"
  },
  "original_language": "en",
  "account": "The Australian dollar steadied on Monday after a two-week slump as hawkish remarks from the US Federal Reserve's rate outlook tempered its recent surge. However, the homegrown currency remained near multi-year peaks against the kiwi and euro, indicating that another rate hike in Australia is highly probable. The Aussie remained unchanged at $0.7128, following a 0.6% decline last week. It is currently well below its recent four-month peak of $0.7238, but support can be found around $0.7075.\n\nDespite recent dips against the US dollar, the Australian dollar has hovered near a 13-year high against the kiwi at NZ$1.2441 and a 22-month high against the euro, priced at A$1.6093, as markets factored in another rate hike from the Reserve Bank of Australia (RBA) this year. Commonwealth Bank of Australia and ANZ banks revised their forecasts to include a rate hike next Tuesday, joining other Big Four banks in doing so. ANZ has forecast a further increase to 4.85% in November.\n\nRBA Governor Michele Bullock had previously warned about inflation risks in the previous week. On Tuesday, she will deliver remarks, followed by a speech by RBA board member Iain Ross in the evening. Assistant Governor Sarah Hunter will also participate in a podcast interview early on Tuesday morning. Meanwhile, on the other side of the Tasman Sea, the New Zealand dollar (kiwi) was flat at $0.5725, only slightly lower than its 1.5% decline last week, marking the fourth consecutive week of losses. The kiwi has a support level at a two-month low of $0.5705. The Reserve Bank of New Zealand (RBNZ) increased rates to 2.75% this month, but markets anticipate a slower and less aggressive tightening cycle compared to the initial expectations. In doing so, the markets give a 60% probability of a rate hike at the next RBNZ meeting on October 28.",
  "summary": "SYDNEY: The Australian dollar steadied on Monday after two weeks of losses as a hawkish turn in the US rate outlook cooled its recent rally, though it remained near multi-year highs on the kiwi and euro with another rate hike at home all but locked in. The Aussie was little changed at $0.7128, after finishing last week 0.6% lower. It is now well off a recent four-month peak of $0.7238, but…",
  "key_points": [
    "Australian dollar steadies after two-week slump",
    "Hawkish US Fed remarks temper currency's surge",
    "RBA Governor to speak on inflation risks"
  ],
  "editors_take": "The Australian dollar's stability signals that markets still expect another rate hike by the Reserve Bank of Australia, maintaining its support and keeping the currency near multi-year highs against other currencies.",
  "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."
}