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Aussie Dollar rejected at 0.70 as hot US CPI revived Fed hike threat
The Aussie Dollar ends Wednesday’s session with a 0.17% loss against the US Dollar, as high US inflation sent US yields higher amid expectations that the Federal Reserve may hike rates late this month. The AUD/USD trades at 0.6971 after hitting a high above 0.7000.
Christian Borjon Valencia
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October 14, 2026
3.7% US inflation sends the Pound to an 11-month low
Hotter US inflation figures knocked GBP/USD to its lowest since late November 2025, and the pair is back near 1.3200, the floor of its range since late September. It dropped from just above 1.3250 on the release to just under 1.3150 at the low, and has recovered about two-fifths of that since.
GBP/JPY Price Forecast: Failed breakout puts 208.00 in focus
The GBP/JPY dives over 0.45% on Wednesday as market mood turns sour on red-hot US inflation data, which drove US equities lower and fueled speculation that major central banks would need to tighten monetary policy. The cross-pair exchanges hands at 208.89, after reaching a high of 210.31.
South Korean Won: BoK welcomes stronger Won – Commerzbank
Commerzbank analysts report that Bank of Korea Governor Shin Hyun-song sees inflation, exchange rate and financial stability pointing policy in the same direction, ahead of the 22 October meeting where rates may be left unchanged after two hikes.
Australia Unemployment Rate set to remain at a five-year high of 4.6% in September
The Australian Bureau of Statistics (ABS) will publish the September employment report on Thursday at 00:30 GMT.
Mexican Peso suffer sharp losses as US inflation boosts the Dollar
The Mexican Peso depreciates versus the US Dollar, down some 0.65% on the heels of hot US inflation data, fueling bets that the Federal Reserve could raise rates at the October meeting. The USD/MXN trades at 18.51, after bouncing off daily lows of 18.35.
Fed’s Goolsbee warns hot CPI unacceptable as services inflation bites
The Chicago Fed President, Austan Goolsbee, said that “CPI data was discouraging,” adding that services inflation in the CPI “was a concern,” in an interview with Yahoo! Finance.
Singapore Dollar: MAS surprise hold signals extended pause – MUFG
MUFG’s Michael Wan reports that the Monetary Authority of Singapore surprised markets by holding its exchange rate policy unchanged in October, against expectations for slight tightening. MAS sees core inflation easing from mid-2027, subdued domestic costs and a narrowing output gap as the AI cycle cools. Forward guidance suggests the Singapore Dollar policy band will keep appreciating to counter imported inflation.
Fed’s Barkin says CPI ran too hot, keeps October decision open
The Richmond Fed President, Thomas Barkin, a voter in 2027, said that he doesn’t see AI job losses happening at scale, adding that investment is mostly focused on AI.
EUR/USD Price Forecast: Strong US CPI keeps bears in control despite oversold RSI
EUR/USD loses nearly 0.50% on Wednesday as stronger-than-expected US inflation data reinforce expectations of further Federal Reserve (Fed) rate hikes, lifting the US Dollar (USD) to fresh year-to-date highs.