The Australian dollar held above $0.71, staying near a twelve-week high as broad weakness in the US dollar continued to support the currency. The Aussie finished up 1.2% last week, marking its longest weekly winning streak since 2020, as the greenback came under pressure from concerns over US fiscal policy and the effectiveness of Treasury debt buybacks. Meanwhile, markets are awaiting Australia’s July inflation data due Wednesday for clues on the RBA's next move. The central bank kept its cash rate at 4.35% this month, although Deputy Governor Hauser said further hikes remain possible if inflation risks from the Middle East conflict, AI investment and weak productivity materialize. A weaker labor market has tempered bets for further tightening, but markets still price in roughly 60% odds of a year-end hike, while a February move is about 68% priced in. Elsewhere, investors continued to monitor tensions in the Middle East, with the US expected to announce new sanctions against Iran.
The AUD/USD exchange rate fell to 0.7169 on August 24, 2026, down 0.04% from the previous session. Over the past month, the Australian Dollar has strengthened 2.55%, and is up by 10.60% 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 August 24 of 2026.
The AUD/USD exchange rate fell to 0.7169 on August 24, 2026, down 0.04% from the previous session. Over the past month, the Australian Dollar has strengthened 2.55%, and is up by 10.60% 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.