Australian Dollar: RBA hike to support AUD/USD – BBH

Australian Dollar: RBA hike to support AUD/USD – BBH

Source: EODHD - https://www.fxstreet.com/news/australian-dollar-rba-hike-to-support-aud-usd-bbh-202609291138
Published: Sep 29, 2026 7:38 AM

Brown Brothers Harriman highlights that the Reserve Bank of Australia delivered a widely expected 25 bps hike to 4.60%, a 15-year high, and kept the door open to further tightening. AUD/USD initially rallied on the hawkish statement but reversed as Governor Michele Bullock signaled less urgency.

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.