FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Australian Dollar After RBA's Hunter Hawkish Remarks

Australian Dollar After RBA's Hunter Hawkish Remarks

07/08/2026 - 03:16:00 (RTTNews)

(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as the Reserve Bank of Australia (RBA) kept the door open for additional monetary policy tightening, if necessary, to bring inflation back to the central bank's target.

The RBA Assistant Governor Sarah Hunter stated that the central bank will take necessary action to bring inflation back to target, even if there hasn't been a noticeable slowdown in economic activity as a result of the current oil shock.

The RBA has already raised interest rates by 25 basis points (bps) three times this year, bringing the Official Cash Rate (OCR) to 4.35%.

Traders await the Federal Open Market Committee (FOMC) minutes of the June policy meeting, due later in the day. Investors focus on the FOMC minutes to get fresh cues regarding the Federal Reserve's (Fed) monetary policy outlook.

Crude oil prices spiked as concerns of fresh U.S.-Iran conflicts surfaced after attacks on at least three tankers in the Strait of Hormuz. West Texas Intermediate crude for August delivery was up $2.01 or 2.93 percent at $70.56 per barrel.

In the Asian trading today, the Australian dollar rose to nearly a 2-week high of 1.6434 against the euro, from yesterday's closing value of 1.6471. The aussie may test resistance around the 1.62 region.

Against the U.S. dollar, the aussie advanced to 0.6947 from an early 5-day low of 0.6920. The aussie may test resistance around the 0.71 region.

Against the yen and the Canadian dollar, the aussie edged up to 112.76 and 0.9859 from Tuesday's closing quotes of 112.39 and 0.9833, respectively. If the aussie extends its uptrend, it is likely to find resistance around 114.00 against the yen and 0.99 against the loonie.

Looking ahead, U.S. MBA weekly mortgage approvals data, U.S. used car prices data for June, and U.S. EIA weekly crude oil data are slated for release in the New York session.

At 2:00 pm ET, the minutes from the Federal Reserve's latest FOMC meeting is due to be released.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2026 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Pound Rises Against Majors (03 hr(s), 26 min(s), 18 sec(s) ago)
(RTTNews) - The British pound strengthened against other major currencies in the pre-European sess ...Full Story»
U.S. Dollar Advances As U.S., Iran Signal Returning To Talks Despite Fierce Exchange Of Attacks (57 min(s), 43 sec(s) ago)
(RTTNews) - The U.S. Dollar value ticked higher as investors watched the developments in the gulf ...Full Story»
Dollar Drops As Soft Inflation Dims Fed Hike Bets (27 min(s), 42 sec(s) ago)
(RTTNews) - Better-than-expected inflation readings from the U.S aided and abetted the dollar' ...Full Story»
Commodity Currencies Rise As Crude Oil Prices Climb (01 hr(s), 17 min(s), 18 sec(s) ago)
(RTTNews) - The commodity currencies such as Australia, the New Zealand and the Canadian dollars s ...Full Story»
Canadian Dollar Climbs Against Most Majors (01 hr(s), 41 min(s), 18 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story»
NZ Dollar Advances Against Majors (01 hr(s), 44 min(s), 18 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the European ses ...Full Story»
Australian Dollar Rises Against Majors (01 hr(s), 47 min(s), 18 sec(s) ago)
(RTTNews) - The Australian dollar strengthened against other major currencies in the European sess ...Full Story»
U.S. Dollar Climbs Against Majors (44 min(s), 18 sec(s) ago)
(RTTNews) - The U.S. dollar climbed against its major counterparts in the New York session on Frid ...Full Story»
Search

FOREX NEWS

Pound Rises Against Majors

07/21/2026 - 02:37 AM (RTTNews)
(RTTNews) - The British pound strengthened against other major currencies in the pre-European sess ...Full Story>>

U.S. Dollar Advances As U.S., Iran Signal Returning To Talks Despite Fierce Exchange Of Attacks

07/20/2026 - 17:00 PM (RTTNews)
(RTTNews) - The U.S. Dollar value ticked higher as investors watched the developments in the gulf ...Full Story>>

Dollar Drops As Soft Inflation Dims Fed Hike Bets

07/20/2026 - 06:32 AM (RTTNews)
(RTTNews) - Better-than-expected inflation readings from the U.S aided and abetted the dollar' ...Full Story>>

Commodity Currencies Rise As Crude Oil Prices Climb

07/20/2026 - 04:45 AM (RTTNews)
(RTTNews) - The commodity currencies such as Australia, the New Zealand and the Canadian dollars s ...Full Story>>

Canadian Dollar Climbs Against Most Majors

07/20/2026 - 04:22 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsCurrency FuturesPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2026. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.