The Australian dollar was largely unchanged around $0.691, staying near an eleven-week low after a mixed inflation report did little to shift expectations for further interest rate hikes. Headline consumer prices fell 0.7% in May from the previous month, pulling annual inflation down to 4.0% from 4.2% and marking the slowest pace in three months. However, the trimmed mean inflation rose 0.4% on the month, above forecasts and lifted the annual core rate to 3.6%. After raising interest rates three times this year, the Reserve Bank left the cash rate unchanged this month but reiterated that it would not hesitate to tighten further if inflation remains above its 2.5% target. The mixed inflation figures have left markets divided, pricing roughly a 50% chance of another rate hike, with any move seen more likely later in the year rather than at the August meeting. Meanwhile, the Aussie dropped 1.2% in the previous session after a tech-driven global equity selloff triggered risk aversion.
The AUD/USD exchange rate fell to 0.6897 on June 24, 2026, down 0.28% from the previous session. Over the past month, the Australian Dollar has weakened 3.85%, but it's up by 5.77% 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 June 24 of 2026.
The AUD/USD exchange rate fell to 0.6897 on June 24, 2026, down 0.28% from the previous session. Over the past month, the Australian Dollar has weakened 3.85%, but it's up by 5.77% over the last 12 months. The Australian Dollar is expected to trade at 0.70 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.72 in 12 months time.