The AUD/USD pair rose 0.45% to approach 0.6640 during the European trading session on Monday. The Australian pair is strengthening as the US Dollar (USD) underperforms its peers, although traders remain confident that the Federal Reserve (Fed) will not cut interest rates in its first policy meeting of 2026.
At press time, the US Dollar Index (DXY), which tracks the value of the dollar against six major currencies, was down 0.025% to 98.45.
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the weakest against the British pound.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.20% | -0.48% | -0.20% | -0.24% | -0.44% | -0.44% | -0.25% | |
| euro | 0.20% | -0.28% | 0.02% | -0.04% | -0.25% | -0.24% | -0.06% | |
| GBP | 0.48% | 0.28% | 0.25% | 0.24% | 0.03% | 0.04% | 0.22% | |
| JPY | 0.20% | -0.02% | -0.25% | -0.02% | -0.23% | -0.23% | -0.04% | |
| Canadian | 0.24% | 0.04% | -0.24% | 0.02% | -0.21% | -0.21% | -0.02% | |
| Australian dollar | 0.44% | 0.25% | -0.03% | 0.23% | 0.21% | 0.00% | 0.19% | |
| New Zealand dollar | 0.44% | 0.24% | -0.04% | 0.23% | 0.21% | -0.00% | 0.19% | |
| Swiss franc | 0.25% | 0.06% | -0.22% | 0.04% | 0.02% | -0.19% | -0.19% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
According to the CME FedWatch tool, the probability that the Fed will cut interest rates by 25 basis points to 3.25%-3.50% at the January meeting is 22.5%.
The Fed’s dovish outlook remains muted even as November US Consumer Price Index (CPI) data came in lower than expected.
Going forward, investors will pay close attention to preliminary third-quarter GDP data, which will be published on Tuesday. Market participants will closely monitor the data for new signals about the current economic situation. US GDP growth is expected to reach 3.2% on an annual basis, less than 3.8% in the second quarter of the year.
Meanwhile, the Australian Dollar (AUD) is outperforming its peers as unsteady consumer inflation expectations have raised hopes that the Reserve Bank of Australia (RBA) may raise interest rates in the near term. Data on Friday showed that consumer inflation expectations accelerated to 4.7% from the previous reading of 4.5%.
For fresh signals on the outlook for Australian interest rates, investors will focus on the minutes of the Reserve Bank of Australia’s policy meeting, announced on December 9, at which the central bank left the official cash rate (OCR) steady at 3.6%.
Economic indicator
Reserve Bank of Australia meeting minutes
Minutes of the Reserve Bank of Australia The meetings are published two weeks after the interest rate decision. The minutes provide a full description of the policy discussion, including differences in views. They also record the votes of committee members. In general, if RBA If the bank is hawkish on the economy’s inflationary outlook, markets see a higher likelihood of a rate hike, which is positive for the Australian dollar.
Read more.
Next release:
Tuesday 23 December 2025 at 00:30
repetition:
weekly
consensus:
–
former:
–
source:
Reserve Bank of Australia
The Reserve Bank of Australia (RBA) publishes the minutes of its monetary policy meeting two weeks after the interest rate decision is announced. It provides a detailed record of discussions among RBA Board members about monetary policy and economic conditions that influenced their decision to adjust interest rates and/or purchase bonds, significantly impacting the Australian dollar. The minutes also disclose considerations regarding international economic developments and the value of the exchange rate.
