---
title: "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?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275569806.md"
description: "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"
datetime: "2026-02-10T08:01:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275569806.md)
  - [en](https://longbridge.com/en/news/275569806.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275569806.md)
---

# 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?

On February 9, the Australian Dollar/US Dollar (AUD/USD) rose to 0.7098, reaching a new high since February 2023. The Australian Dollar/Japanese Yen (AUD/JPY) rose to 110.79, marking a new high since 1990.

From the beginning of 2026 to date, the AUD/USD has cumulatively increased by 6%, and the AUD/JPY has cumulatively increased by 5%.

【Source: TradingView; AUD/USD trend over the past three months】

What are the reasons for the strength of the Australian Dollar?

The rise of the Australian Dollar is mainly attributed to two factors: the Reserve Bank of Australia raising interest rates and a commodities boom.

On February 3, the Reserve Bank of Australia raised interest rates by 25 basis points, becoming the second major central bank to initiate a rate hike cycle after the Bank of Japan.

Due to persistently high inflation and a strong labor market, there is a general expectation that there will be another rate hike within the year. Currently, the market anticipates a 74% probability of a rate hike by the Reserve Bank of Australia in May.

Additionally, Australia is a major global exporter of commodities, and the strong performance of prices for gold, silver, copper, and other commodities is beneficial for Australian exports, thereby driving up the Australian Dollar.

What is the future trend of the Australian Dollar exchange rate?

"We believe that the AUD/USD will form a new volatility range of 0.68-0.72, with further upside potential—given the strong fundamental support, a breakthrough of 0.75 within six months is possible," said Imre Speizer, a strategist at Westpac Banking Corporation.

However, some analysts warn that a significant drop in commodity prices could lead to a correction in the Australian Dollar. Furthermore, if geopolitical risks escalate, the Australian Dollar, as a risk currency, will be adversely affected

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