A Big Week for Exchange Rates


In short

  1. The Australian dollar posted strong gains but started to fade last week
  2. Interest rates in the US could be coming down on Wednesday
  3. Important Australian inflation (CPI) data this week

AUD to USD exchange rates

Time Open High Low
Today 0.6816
In the last week 0.6812 0.6880
In the 3 months 0.6676 0.6966

In October, the AUDUSD has been savaged to a 10-year low under 67 cents before making a reasonable comeback. Last week, it managed to hit 0.6880 before losing more than 1% since late last week to settle above 0.6700.

The short-term direction of the Australian dollar could be defined by any number of events but this week, there are 2 of important ones:

  • Wednesday: Australian inflation data is released. Any increase in inflation could help the Aussie dollar back towards 70 cents
  • Wednesday: The US Fed Reserve is expected to cut interest rates following their central bank meeting

Other things to keep an eye on this week is a speech by RBA boss Dr Philip Lowe, central bank meetings in Canada and Japan, Eurozone GDP figures and US Non Farm Payrolls (a measure of employment).

Up Next

This week, it's all about central banks and (cutting) interest rates.


Country Day Event
Australia Tuesday Speech by the RBA head, Dr Philip Lowe
Australia Wednesday Consumer Price Index (CPI) Quarterly inflation data
USA Wednedsay Interest Rate Decision
Canada Wednedsay Interest Rate Decision
Japan Thursday Interest Rate Decision
Eurozone Thrusday GDP figures
USA Friday Non Farm Payrolls
Updated: Posted on

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