The Australian dollar traded below $0.690, near a three-month low and headed for a heavy weekly loss as the greenback remained broadly firm on expectations of US interest rate hikes. The US dollar has rallied since the Federal Reserve adopted a surprisingly hawkish stance last week, prompting markets to price in a 75% chance of a rate hike as early as September. Meanwhile, expectations for additional tightening by the Reserve Bank of Australia have eased, despite a slight increase in underlying price pressures in May. Investors expect second-quarter inflation to fall short of the central bank’s 8% forecast, reinforcing bets that the tightening cycle already reached its peak. Markets imply only a 50% chance of another hike in the 4.35% cash rate, while some have started pricing in rate cuts in the second half of 2027. The Aussie is also poised for a second straight monthly loss of over 4%, as Middle East tensions and a selloff in tech stocks earlier this month weighed on risk assets.
The AUD/USD exchange rate fell to 0.6889 on June 26, 2026, down 0.31% from the previous session. Over the past month, the Australian Dollar has weakened 3.53%, but it's up by 5.54% 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 27 of 2026.
The AUD/USD exchange rate fell to 0.6889 on June 26, 2026, down 0.31% from the previous session. Over the past month, the Australian Dollar has weakened 3.53%, but it's up by 5.54% 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.