The AUD/USD pair was trading at 0.6410, much higher than the year-to-date low of 0.5918. What next for the Australian dollar?

The Berenberg economics team led by Holger Schmieding produced this striking chart, showing how interest-rate expectations are heading in the opposite direction of inflation expectations.

AUD/USD eyes key support as Aussie inflation cools; RBA rate cut bets grow while China PMIs and trade headlines add downside ...

This was higher than the Reuters expectations of a 2.3% climb, and unchanged than the 2.4% rise in the last quarter of 2024.

Australian inflation slowed in the first quarter of 2025, supporting the case for the country’s central bank to keep cutting ...

US Fed held rates steady and indicated the risk of higher inflation and unemployment had risen. More signs of a de-escalation ...