Australian dollar news

The Australian dollar rally continued, reaching its highest level since 2024 after the US released a strong jobs report.

The Aussie dollar has pulled back just a touch during the early hours of trading on Tuesday as the same ceiling continues to frustrate the bulls in this pair.

The AUD/USD exchange rate soared to the highest level since February 2023 as the US Dollar Index retreat gained steam.

The Australian dollar has rallied rather significantly on Monday, as we continue to see a lot of buying pressure. That being said, this is a market that has opposing central banks as far as rate outlooks, so this makes sense.

The price briefly breaks to a new 3-year high before making a normal retracement, suggesting the outlook remains basically bullish.

The Australian dollar rallied a bit in the early hours of Friday, as the Aussie looks to rally into the weekend. The range continues to be well-defined, with the 0.79 level and the 0.81 level both offering important barriers.

The AUD/USD exchange rate held steady above the key resistance level at 0.700 as investors priced in a potential Federal Reserve and Reserve Bank of Australia (RBA) divergence. It rose to a high of 0.7030, a few points below the year-to-date high of 0.7095.