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fxJun 17, 2026, 12:47 AM

Australian Dollar Holds Above 0.7050 After RBA Hawkish Hold

The AUD/USD pair edges higher to near 0.7070 in early Asian trade Wednesday after the Reserve Bank of Australia struck a hawkish tone by holding rates steady.

AUDUSD

The Australian Dollar remains supported above the 0.7050 level during early Asian trading on Wednesday, with the AUD/USD pair trading around 0.7070.

The move comes after the Reserve Bank of Australia (RBA) opted to hold interest rates unchanged while delivering a hawkish policy statement. The central bank's stance signals persistent concern over inflation, bolstering demand for the Aussie.

Traders now eye further guidance from the RBA as the pair holds near intraday highs. The US Dollar, meanwhile, remains on the back foot following the rate decision.

Source: FXStreet Forex News