The Australian dollar rose 0.41% on Oct. 21 after RBA Deputy Governor Andrew Hauser said inflation risks had worsened, citing oil costs, technology prices reaching consumers and limited domestic capacity. Hauser said the RBA's inflation assessment had weakened since August, and that the bank was still preparing forecasts; he did not know what the board would decide. Commerzbank raised its implied odds of a November rate hike to 55% from 24%, though it still expects the RBA to hold for now, while the currency reached US$0.7031 and the U.S. dollar index fell 0.14% to 101.65. Latest data showed annual CPI at 4.0% through August and trimmed mean at 3.6%, versus RBA August projections of 3.6% and 3.3% for December. The cash rate is 4.60% after a 25-basis-point hike on Sept. 29, and September CPI is due Oct. 27.
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Original headline: Australian Dollar Rises 0 . 41 % After RBA Deputy Governor Warns on Inflation .
Read the original on econotimes.com ↗
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Related tickers and likely impact
AUD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 0.70288 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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