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AUD/USD slipped 0.26% to 0.7016 as the US dollar strengthened and a possible de-escalation in the US-Iran conflict pushed oil prices lower. Iran, Turkey, Pakistan and Saudi Arabia reportedly agreed to continue talks.
Markets still priced in a Fed rate hike, and the Fed's decision was due Wednesday.
Lower oil prices on de-escalation reduce energy costs that feed into grain and oilseed freight and fertilizer. A firmer dollar pressures Australian-dollar returns on exports.
fxstreet.comChristian Borjon ValenciaOct 26, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
