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fxJun 10, 2026, 12:31 PM

AUD/USD Seen Range-Bound Near 0.70–0.71 as Momentum Fades

Rabobank strategist Jane Foley notes the Australian Dollar has dropped from top G10 performer to the bottom as growth momentum wanes and the US Dollar strengthens, with a near-term outlook stuck around 0.70–0.71.

AUDUSD

Rabobank Senior FX Strategist Jane Foley highlights that the Australian Dollar (AUD) has fallen from being the top G10 performer to the bottom of recent rankings. The shift comes as growth momentum fades and the US Dollar strengthens.

Foley expects the AUD/USD pair to remain range-bound near the 0.70–0.71 level in the near term, reflecting diminished upside catalysts and persistent USD demand.

Source: FXStreet Forex News