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fxJun 17, 2026, 8:28 AM

AUD/USD Faces Deeper Pullback After RBA Pauses Rate Hikes

The Australian Dollar weakened against the US Dollar after the Reserve Bank of Australia held its cash rate steady, ending a streak of rate hikes and triggering a corrective decline from near the 0.7000 level.

AUDUSD

The Australian Dollar (AUD) has entered a corrective phase, surrendering recent gains against the US Dollar after the Reserve Bank of Australia (RBA) broke its tightening cycle and held its benchmark cash rate. The decision marks an end to a series of consecutive rate increases, prompting a pullback from levels around 0.7000.

Markets now anticipate the RBA will remain on hold, which is weighing on AUD sentiment. With the US Dollar maintaining strength on hawkish Federal Reserve expectations, further downside for the AUD/USD pair may unfold in the near term.

Source: FXStreet Forex News