The post AUD/USD extends rally as RBA hike boosts Aussie appeared on BitcoinEthereumNews.com.

The Australian Dollar extended its gains for the second straight day after the Reserve Bank of Australia raised rates by 25 basis points, as expected. At the time of writing, the AUD/USD trades at 0.7104, up 0.48%. RBA’s hike, softer US Dollar lift the Aussie ahead of Fed’s decision Tuesday’s North American session was characterized by an improvement in risk appetite, with Wall Street finishing the day with gains of 0.10% to 0.47% ahead of the Federal Reserve’s monetary policy decision. The Greenback registered back-to-back bearish days, losing nearly 1% in the week and 0.29% in the day, according to the US Dollar Index (DXY). The DXY, which measures the buck’s performance against six other currencies, is at 99.57. Earlier, the RBA hiked rates to 4.10% on a 5-4 narrow vote split, which, according to RBA Governor Michelle Bullock, reflected the timing, not the direction, of monetary policy. Bullock added that “We had a very robust conversation over the past two days about whether we should hold until May,” to allow for more data and certainty regarding the Middle East conflict. US jobs data show the ADP Employment Change 4-week average fell from 14.75K to 9K, while February Pending Home Sales rose 1.8% month-over-month after a 1% drop in January. Traders’ focus is on the Federal Reserve’s policy meeting, which started March 17 and ends Wednesday with a policy statement and updated economic projections. Money markets anticipate the Fed will hold rates steady in March, with only a 25 basis-point cut expected later this year. Investors are also watching Chair Jerome Powell’s post-meeting press conference. AUD/USD Price Forecast: Technical outlook In the daily chart, AUD/USD trades at 0.7104. The near-term bias is mildly bullish as spot holds well above the clustered 50/100/200-day simple moving averages near 0.69, keeping the broader…

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Filed under: News - @ March 17, 2026 10:27 pm