# Australian Dollar Advances to Two-Week High on Hawkish RBA Signals

- URL: https://stocks.freetheai.org/news/australian-dollar-advances-to-two-week-high-on-hawkish-rba-signals-f7e264
- Published: 2026-10-14T01:49:39Z
- Category: forex; sentiment: bullish; impact: medium
- Symbols: [FX:AUDUSD](https://stocks.freetheai.org/symbols/FX-AUDUSD)
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The Australian Dollar (FX:AUDUSD) rose 0.14% to 0.6993 USD, touching its highest level in more than two weeks. The currency gained momentum as hawkish signals from Australia's central bank coincided with general weakness in the US dollar.

Minutes from the Reserve Bank of Australia meeting highlighted persistent cost-of-living pressures and lingering risks of higher inflation, keeping the door open for additional interest rate hikes. Financial markets are pricing in a 28% chance of a rate increase at the upcoming November 3 meeting, with odds rising to roughly 50% for December. At the same time, the US dollar faced pressure after the Federal Reserve signaled just one remaining rate hike this year and no further tightening planned for 2027.

Investors are now focusing on upcoming domestic economic figures. Australian employment data due Thursday is expected to show the economy added 20,000 jobs, down from 39,500 in August, with the unemployment rate forecast to hold steady at 4.6%. Third-quarter inflation data later this month will also be closely watched, as core inflation remains above the target range of 2% to 3%.

## Key points

- The Australian dollar climbed 0.14% to 0.6993 USD, reaching its highest point in over two weeks.
- Reserve Bank of Australia meeting minutes cited ongoing inflation risks, leaving room for further interest rate hikes.
- Markets price in a 28% chance of an RBA rate increase on November 3 and a 50% chance in December.
- Australian employment data due Thursday is forecast to show 20,000 added jobs with unemployment steady at 4.6%.
- A weaker US dollar provided support following Federal Reserve projections of no further tightening in 2027.

## Questions and answers

### Why is the Australian dollar going up?

The Australian dollar rose due to hawkish meeting minutes from the Reserve Bank of Australia pointing to potential rate hikes, alongside US dollar weakness following updated Federal Reserve rate guidance.

### What are the odds of an RBA rate hike in November?

Financial markets are currently pricing in a 28% chance of a Reserve Bank of Australia interest rate hike at its November 3 meeting, with odds increasing to around 50% for December.

### What economic data could impact the AUD/USD next?

Investors are watching Australian employment figures due Thursday, which project 20,000 job additions, as well as third-quarter core inflation data expected later in the month.