Post #15746

Aussie Hits Fresh Highs on Rate Hike Bets AUD/USD is pushing above 0.706, marking fresh multi-year highs as rate hike bets heat up. Hot inflation data and a surprise drop in unemployment have markets now heavily pricing a near-term RBA hike, with major banks leaning toward tightening and rates seen moving higher through the year. Gold ripping to record levels is also fueling the Aussie, given Australia’s export exposure, while broad USD weakness tied to intervention talk, Trump headlines, and macro uncertainty is adding another tailwind. A few still argue the core inflation print may not be strong enough to force the RBA’s hand, but momentum right now is clearly with the bulls. - Alan