Australian dollar exchange rate skyrocketed by 6% at the beginning of 2026! With the commodity frenzy + interest rate hikes, can it rise another 6% in the future?
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The Australian dollar rose 6% in early 2026, mainly driven by the Reserve Bank of Australia raising interest rates and rising commodity prices. On February 9, the AUD/USD rose to 0.7098, reaching a new high for 2023. The market expects the Reserve Bank of Australia may raise interest rates again in May. Analysts believe that the AUD/USD may fluctuate in the range of 0.68-0.72, with a possibility of breaking through 0.75 within six months, but a decline in commodity prices or increased geopolitical risks may affect the performance of the Australian dollar
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