AUD/USD live

On June 17, 2026, the AUDUSD pair experienced a notable decline, settling around 0.70599. This movement was primarily driven by a confluence of factors: a significant drop in iron ore futures below $100 per ton due to high Chinese inventories and reduced steel production, which weakened the Australian dollar. Concurrently, the US Federal Reserve, under Chair Kevin Warsh, maintained interest rates but signaled a hawkish shift in its future projections, with more policymakers anticipating rate hikes by year-end and an increased inflation forecast. While the Reserve Bank of Australia also held its rates, its 'mildly hawkish bias' offered some underlying support, and global risk sentiment improved due to a US-Iran peace deal, which could temper USD strength. However, the immediate impact saw the US dollar gain ground against its Australian counterpart.

The AUDUSD pair gained 0.7262% on May 29, 2026, reaching 0.71708, primarily due to a weakening US dollar. The US dollar depreciated amid reports of a potential US-Iran ceasefire and softer-than-expected US economic data, including a revised Q1 2026 GDP of 1.6% and a 0.2% rise in the April 2026 PCE Price Index (excluding food and energy). The Australian dollar found support from the Reserve Bank of Australia's cash rate at 4.35%, despite domestic economic concerns.

On May 29, 2026, the AUDUSD pair rose by 0.7262% to a bid of 0.71708, primarily driven by a weakening US Dollar. This weakening was attributed to improved global risk sentiment following reports of a potential US-Iran ceasefire extension and easing restrictions in the Strait of Hormuz. Despite this, gains were capped by persistent US inflation (April PCE at 3.3% YoY) and weaker Australian domestic data, including a lower April CPI (0.4%, 4.2%yr headline) and a decline in household spending.

The AUDUSD pair surged 0.7262% to 0.71708 on May 29, 2026, driven by a weakening US dollar. This depreciation stemmed from optimism for a US-Iran ceasefire and softer US economic data, including a revised Q1 2026 GDP of 1.6% and a 0.2% rise in the April 2026 PCE Price Index (ex-food and energy). The Australian dollar found support from the Reserve Bank of Australia's hawkish stance, with its cash rate at 4.35%, and a significant A$155 billion data-center investment pipeline.