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fxJun 10, 2026, 9:23 AM

RBA Expected to Cut Rates as AUD Slides to 0.7010

Analysts now see the Reserve Bank of Australia's next move as a rate cut, not a hike. The Australian dollar weakened 0.25% against the US dollar in European trade, falling near 0.7010.

AUDUSD

Market consensus has shifted regarding the Reserve Bank of Australia's next policy decision. Experts now believe the RBA will cut interest rates rather than raise them.

During Wednesday's European session, the Australian dollar underperformed against major currencies. The AUD/USD pair traded 0.25% lower, approaching the 0.7010 level against the US dollar.

Source: FXStreet Forex News