AUD/USD

AI take

The Australian dollar is catching a hawkish-RBA bid after Deputy Governor Andrew Hauser said the inflation outlook looks materially worse, leaving him unsure whether the central bank would need to raise again at the November 2-3 meeting. That sits against a still-soft domestic labour overlay after a surprisingly large September employment decline, with the jobless rate at a five-year high. China's third-quarter growth beat and the People's Bank of China keeping loan prime rates on hold remain the China-beta overlay. Watch Australian CPI later this month, flash PMIs on October 22, and that November RBA meeting.

Scheduled take · 2026-10-21T03:10:04Z

• Reuters -- Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA