The AUD/USD pair has reached a two-week high due to a hawkish stance from the Reserve Bank of Australia (RBA) and positive Chinese inflation data. The Australian dollar surged against the US dollar as the RBA hinted at a possible interest rate hike in the near future. Additionally, strong inflation data from China also contributed to the Aussie’s gains. Investors are closely monitoring these developments as they signal potential shifts in monetary policy and economic conditions in both countries.