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fxAug 18, 2026, 1:00 AM

AUD/USD Gains for Third Day as Fed Hike Expectations Fade

AUD/USD extended its advance for a third straight session, trading near 0.7110 in Asian hours as fading Federal Reserve rate hike expectations kept the US dollar subdued.

AUDUSD

AUD/USD continued to appreciate during Asian trading on Tuesday, holding around 0.7110 and extending gains for a third consecutive day.\n\nThe move was driven mainly by weakness in the US dollar, which remained under pressure as market expectations for further Federal Reserve rate hikes continued to fade.

Source: FXStreet Forex News