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fxJun 18, 2026, 9:04 AM

AUD/USD Holds Gains Around 0.7010 on Hawkish RBA Sentiment

The Australian Dollar is trading higher against the US Dollar on Thursday, with AUD/USD hovering near 0.7010 as hawkish expectations around the Reserve Bank of Australia support the currency.

AUDUSD

The Australian Dollar maintained its positive trajectory on Thursday, with AUD/USD trading around 0.7010 during European hours after paring some earlier gains. The pair remains in positive territory for the session.

The Australian Dollar drew support from continued hawkish sentiment surrounding the Reserve Bank of Australia's monetary policy stance. Market participants are pricing in the possibility of further tightening by the RBA, which has underpinned the currency's recent strength.

Traders are now watching for any fresh catalysts that could extend or reverse the move, with the broader risk environment and US data releases likely to influence near-term direction.

Source: FXStreet Forex News