EL7.AI
ForexMedium•23 September 2026•
1 min read

AUD/USD Slumps Toward 0.7000 Level as US Dollar and Yields Surge

Key Facts

1The AUD/USD pair slumped towards the 0.7000 level driven by a stronger US dollar and surging Treasury yields.
2The pair fell ahead of Australian jobs data and the RBA's September 29 decision, pressured by rising US yields and dollar strength.

Amid a widening divergence in global bond yields, the AUD/USD pair experienced a significant decline driven by a rally in US Treasury yields and a surging US Dollar Index. According to reports, the pair slumped towards the 0.7000 psychological level as broader macroeconomic pressures overshadowed domestic Australian factors. This sharp technical move reflects a shift in market sentiment favoring the greenback over commodity-linked currencies.

The decline came ahead of Australia's monthly jobs report, which had not yet been released, and ahead of the Reserve Bank of Australia's (RBA) policy decision on September 29. Reports indicate that US dollar strength was the primary driver and that the US-Australia yield spread remains the decisive factor in the pair's current trajectory.

Looking ahead, the pair traded near 0.7040 late on September 23, 2026, after touching 0.7026. Australia's jobs report and the RBA's September 29 decision are the next local catalysts, alongside the durability of the US yield rally.