The AUD/USD pair remains stable following the remarks from the RBA’s Assistant Governor (Economics), Sarah Hunter.
RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead to a mild economic downturn.
Donald Trump argued that the fees he intends to impose on imports would not lead to higher prices in the US.

The AUD/USD pair holds its position on Wednesday, following remarks from the Reserve Bank of Australia's (RBA) Assistant Governor for Economics, Sarah Hunter. However, the Australian Dollar's (AUD) losses may be appreciated as RBA Governor Michele Bullock maintained a hawkish outlook last week, emphasizing that it is too soon to consider rate cuts with elevated inflation.

RBA’s Assistant Governor Sarah Hunter noted that high interest rates are dampening demand, contributing to what is expected to be a mild economic downturn. Hunter also highlighted that the labor market remains tight compared to full employment levels, with employment growth likely to continue but at a slower pace than population growth, per Reuters.

AUSTRALIAN DOLLAR MOVES LITTLE FOLLOWING RBA HUNTER'S REMARKS, US PRESIDENTIAL DEBATE