The US dollar stayed under pressure on Wednesday after hitting a three-week low the previous session, as lower Treasury yields and crude prices reduced its appeal; the dollar index was steady at 101.78. The Australian dollar hovered near a three-week high after RBA Deputy Governor Andrew Hauser said the inflation outlook looked materially worse and he was unsure whether the central bank would need to raise rates again next month. Oil eased after touching a five-month high, as traders weighed a meeting between Iran's president and Pakistan's army chief against continued Houthi attacks on Saudi infrastructure. Carol Kong of Commonwealth Bank of Australia said big tech earnings could have a large bearing on the USD, and expected the currency to trend modestly higher in coming months as foreign capital flows into US markets increase.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Dollar on back foot as US yields , crude prices dip ; Aussie buoyed by hawkish RBA
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
AUD/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 0.70040 |
| 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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