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fxJun 24, 2026, 3:04 PM

AUD/USD Slips to Three-Month Low as Australian Inflation Cools

The Aussie dollar fell to 0.6890, its weakest in three months, after soft Australian inflation data. Traders now await the US PCE price index for further direction.

AUDUSD

The Australian dollar remained under selling pressure on Wednesday, with AUD/USD trading at 0.6890—its lowest level in three months. The decline followed the release of softer-than-expected Australian inflation figures, which reinforced expectations that the Reserve Bank of Australia may keep rates unchanged for longer.

Market focus has now shifted to the US Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge. A stronger-than-forecast reading could further weigh on the Aussie by boosting the US dollar on hawkish Fed bets.

Technical levels: A break below 0.6890 opens the door to the next support near 0.6850, while resistance is seen at 0.6930 and then 0.6970.

Source: FXStreet Forex News