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fxJun 10, 2026, 3:29 PM

AUD/USD Extends Losses Near 0.7020 on US Inflation, RBA Cut Bets

The Australian Dollar weakened for a fourth consecutive session as US inflation data reinforced expectations of sustained high Fed rates and NAB forecast further RBA rate cuts.

AUDUSD

The AUD/USD pair traded near 0.7020 on Wednesday, extending its slide for a fourth straight day. The move follows the latest US inflation report, which came in largely in line with forecasts, bolstering the view that the Federal Reserve may keep interest rates elevated for longer.

Adding to the pressure, National Australia Bank (NAB) projected additional rate cuts by the Reserve Bank of Australia (RBA), further weighing on the Australian Dollar. The combination of a resilient US dollar and dovish RBA outlook has kept the Aussie under sustained selling pressure.

Source: FXStreet Forex News