Forex

AUD Slumps Below 0.7050 as RBA's Bullock Cautions on Interest Rates

Guavy AI Editorial Team Published August 13, 2026

Instruments

USD AUD

The Australian dollar (AUD) plummeted below 0.7050 against the US dollar on Tuesday, reacting to RBA Governor Michele Bullock's cautious remarks.

Bullock emphasized a data-dependent approach and signaled that the RBA is in no rush to change rates, which traders interpreted as less hawkish than expected, prompting a sell-off in the Australian dollar.

The move underscores the market's sensitivity to central bank guidance, with traders adjusting positions as Bullock's comments sparked uncertainty around the RBA's next move.

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