28 October 2026

Your Weekly FX Market Update Report is Here AUD/USD opens the week at 0.7029 after a 1.0% gain took it back above 0.70. Why? A hawkish RBA: warnings that inflation is running hot have markets leaning towards a November hike, while the Fed is tipped to hold. Now the big test: Q3 CPI on Wednesday,

CPI Day: Aussie Tests 0.7043, Then Waits for the Number What’s New Oil retreats a second day: Brent dropped back below US$110, down from near US$117.50 at Friday’s peak, after reports that Iran’s leadership met to weigh terms for ending the conflict, including security of the Strait of Hormuz. Record Aussie shorts: Bloomberg reports asset