Australian Dollar edges lower as Fed hike bets grow ahead of Trump-Xi summit

The AUD/USD pair trades with mild losses around 0.7120 during the early Asian session on Monday. The US dollar (USD) edges higher against the Australian Dollar (AUD) as the US Federal Reserve (Fed) delivered a 25-basis-point rate hike and flagged more hikes in the coming months.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-20
• rates

Topics: gold news, gold price impact, rates