AUD/USD Reverses Gains Following Strong US Inflation Data

Key Facts

1The Aussie Dollar fell 0.17% against the US Dollar to close at 0.6971 after failing to sustain levels above 0.7000.

2Hot US inflation data pushed yields higher amid expectations that the Federal Reserve may hike rates later this month.

The Aussie Dollar fell 0.17% against the US Dollar to close at 0.6971. FXStreet reported that the pair failed to sustain levels above the 0.7000 psychological mark, reversing its previous gains following the release of macro data.

Higher-than-expected US inflation data pushed Treasury yields higher amid market expectations that the Federal Reserve may hike interest rates later this month. This shift in monetary policy expectations strengthened the USD, while earlier data from October 13, 2026, showed Australian NAB Business Confidence had declined to -13.