The post Australian Dollar rises following Consumer Inflation Expectations release appeared on BitcoinEthereumNews.com.

The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which edged up to 4.8% from 4.7% prior. marking the highest reading since June. The mounting concerns that Australia’s inflation may exceed forecasts in the third quarter support the cautious stance surrounding the Reserve Bank of Australia (RBA). The Australian central bank is expected to maintain its interest rates after deciding to keep its Official Cash Rate (OCR) unchanged at 3.6% in September. The RBA warned that inflation has proven more persistent than expected, especially in market services, while the labor market remains tight. China’s Commerce Ministry said on Thursday that the country will tighten rules on rare earth exports, taking effect from December 1. Foreign businesses and individuals must obtain a dual-use items export license for rare earth exports. Australian Dollar rises as US Dollar declines amid government shutdown The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is halting its three-day winning streak and trading around 98.70 at the time of writing. The speech by Federal Reserve (Fed) Chair Jerome Powell will be in the spotlight later on Thursday. The US government shutdown entered its ninth day with no sign of progress, as the Senate on Wednesday once again rejected competing funding proposals from Republicans and Democrats to end the stalemate. Minutes from the Fed’s September meeting released on Wednesday showed that a majority of policymakers supported the September rate cut and signaled further reduction later this year. However, some members favored a more cautious approach, citing concerns about inflation. Federal Reserve (Fed) Board of Governors member Stephen Miran expressed his belief on Tuesday that…

---

Filed under: News - @ October 9, 2025 2:26 am