The Australian dollar held its recent decline to below $0.72, but remained near four-year highs as markets weighed the collapse of plans for a second round of US–Iran peace talks. While President Donald Trump moved to extend the ceasefire, diplomatic momentum faded after Iran signaled it would not participate in negotiations. Tehran also indicated it would keep the Strait of Hormuz closed as long as US naval interceptions persist, and suggested it may not honor the ceasefire. The setback in diplomacy and rising Middle East tensions dampened risk sentiment, lifting the greenback through safe-haven demand. Domestically, focus remained on policy after RBA Deputy Governor Andrew Hauser reiterated the central bank’s commitment to anchoring inflation expectations. This reinforced bets of further tightening, with markets now pricing a 77% chance of a rate hike next month and another move likely by September. Investors now look to upcoming PMI data for clearer signals on economic momentum.
The AUD/USD exchange rate rose to 0.7156 on April 22, 2026, up 0.06% from the previous session. Over the past month, the Australian Dollar has strengthened 2.07%, and is up by 12.53% over the last 12 months. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on April 22 of 2026.
The AUD/USD exchange rate rose to 0.7156 on April 22, 2026, up 0.06% from the previous session. Over the past month, the Australian Dollar has strengthened 2.07%, and is up by 12.53% over the last 12 months. The Australian Dollar is expected to trade at 0.72 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.74 in 12 months time.