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fxJun 30, 2026, 4:27 PM

AUD/USD Rises After Hawkish RBA Minutes, Firmer US Confidence Data

AUD/USD traded higher near 0.6915 as the Reserve Bank of Australia's hawkish meeting minutes and improved US consumer confidence supported the pair.

AUDUSD

The Australian dollar strengthened against the US dollar on Tuesday, with AUD/USD advancing to around 0.6915. The move reflected investor reactions to the Reserve Bank of Australia's (RBA) meeting minutes, which were perceived as hawkish, and a modest improvement in US consumer confidence figures.

The RBA minutes highlighted the central bank's cautious but firm stance on inflation, reinforcing expectations that interest rates may remain elevated for longer. Meanwhile, US data showed a slight uptick in consumer sentiment, offering some support to the greenback but not enough to offset the Australian dollar's gains.

Traders are now looking ahead to further economic releases from both countries for directional cues. The pair remains sensitive to shifts in risk appetite and monetary policy divergence.

Source: FXStreet Forex News