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The Australian dollar rose 0.52% to 0.7054 after Fed Chair Kevin Warsh's press conference, reaching its highest level since September 23. The Fed held rates at 3.75%-4%, with two dissenters, Lisa Cook and Beth Hammack, favoring a 25-basis-point hike.
Warsh reaffirmed the 2% PCE inflation target while saying tightening appears to be working.
A weaker US dollar lifts AUD/USD and makes dollar-priced commodities cheaper for non-US buyers, which can support Australian export-linked demand. A hawkish Fed that holds rates high can still cap the broader dollar move.
fxstreet.comChristian Borjon ValenciaOct 29, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
