18/09/2026
During early Asian trading on Thursday, the AUD/USD pair climbed to just above the 0.7100 level. Traders continue to assess the Federal Reserve's interest rate hike and comments from US President Trump. On Wednesday, the Fed raised interest rates to the 3.75%–4.0% range—the first such hike in three years—in line with broad market expectations. Fed Chair Kevin Warsh stated that the move was driven by inflation being "too high and persisting for too long," adding that it was a "prudent" and "responsible" decision. Warsh hinted that further rate hikes might be necessary to curb rising prices, signaling a hawkish stance. Nevertheless, Trump continues to demand that the Fed cut interest rates to 1% or lower. In a post on Truth Social, he wrote: "We are practically 'supporting' every country in the world; this situation cannot continue." Following three consecutive rate hikes earlier in the year, the Reserve Bank of Australia (RBA) has held the official cash rate (OCR) at 4.35%. According to RBA rate-tracking data, the market currently assigns a probability of nearly 76% that the RBA will raise the OCR to 4.60% at its next board meeting.