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fxAug 14, 2026, 1:23 AM

Australian Dollar Falls for Third Session Despite RBA Hawkish Signal

AUD/USD edged down to around 0.7060 in Asian trading on Friday, extending its decline for a third straight day even as RBA Assistant Governor Chris Kent said recent rate increases are having their intended effect.

AUDUSD

AUD/USD traded near 0.7060 during Friday's Asian hours, marking a third consecutive session of losses for the Australian dollar.

Reserve Bank of Australia Assistant Governor Chris Kent said on Thursday that recent interest rate hikes are producing their intended effects. The remarks did not lift the currency, with the pair remaining under pressure.

Traders continue to watch the RBA's policy signals and broader risk conditions for direction in the Australian dollar.

Source: FXStreet Forex News