{"id":435105,"date":"2026-01-28T16:38:22","date_gmt":"2026-01-28T16:38:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/435105\/"},"modified":"2026-01-28T16:38:22","modified_gmt":"2026-01-28T16:38:22","slug":"australian-dollar-climbs-to-three-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/435105\/","title":{"rendered":"Australian dollar climbs to three-year high"},"content":{"rendered":"<p>The Australian dollar has surged overnight to its highest level against its US counterpart since February 2023, driven by a plunge in the greenback.<\/p>\n<p>The Aussie currency was buying US70.11 cents earlier today after climbing 1.4 per cent.<\/p>\n<p>It hit the mark in the lead-up to the release of new inflation figures today, expected at 11.30am.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/https:\/\/prod.static9.net.au\/fs\/118f71fc-e8bd-4fd8-99fc-5837e6353221.jpeg\"   alt=\"Australian dollar\"\/>The Australian dollar has hit a three-year high against the US dollar. (Picture:Wayne Taylor\/AFR) (Wayne Taylor)<\/p>\n<p>The Reserve Bank of Australia is tipped to lift interest rates at its meeting next week if there is a larger-than-expected increase in consumer prices.<\/p>\n<p>IG market analyst Tony Sycamore told the Australian Financial Review that geopolitical uncertainty and a falling greenback were behind the spike in the Aussie dollar.<\/p>\n<p>&#8220;The Australian dollar&#8217;s gains continued to be driven by a number of factors, including broad-based weakness in the US dollar which has accelerated post last weeks Greenland drama&#8217;s and is now poised for a perilous break lower,&#8221; he said.<\/p>\n<p>On Tuesday (US Eastern Time) the US dollar recorded its lowest one-day drop since last April after US President Donald Trump said he was not concerned about its recent falls, reports Reuters.<\/p>\n<p>&#8220;I think it&#8217;s great,&#8221; he said, when asked if the US dollar&#8217;s value had declined too much.<\/p>\n<p>&#8220;The dollar&#8217;s doing great.&#8221;<\/p>\n<p>It finished Tuesday at a four-year low.\ufeff<\/p>\n<p>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"The Australian dollar has surged overnight to its highest level against its US counterpart since February 2023, driven&hellip;\n","protected":false},"author":2,"featured_media":435106,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-435105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/435105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=435105"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/435105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/435106"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=435105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=435105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=435105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}