AUD Boosted by Hawkish RBA and Softening US Dollar

The Australian Dollar (AUD) is getting a boost from gold, which is expected to rise in value. According to Standard Chartered, the AUD/US Dollar exchange rate will reach 0.74 in three months and 0.75 over 12 months.

This prediction comes after the Reserve Bank of Australia (RBA) held its official cash rate at 4.35%, a move that was accompanied by a hawkish policy message. Governor Michele Bullock has stated that interest rates could rise again if necessary, which reinforces the idea that Australian interest rates will remain restrictive for longer.

The AUD/USD exchange rate is currently trading near 0.7114, up about 0.42% on the day and 6.66% in 2026. Despite showing early signs of fatigue around resistance ahead of Thursday's employment report, the AUD remains near 10-week highs.