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The US dollar index fell to around 101.78 as Treasury yields and crude oil prices dipped, after slipping to a three-week low the previous session. The Australian dollar hovered near a three-week high at 0.7013 after RBA Deputy Governor Andrew Hauser called the inflation outlook "materially worse".
Oil had eased from a five-month high on Iran-related diplomacy and continued Houthi attacks on Saudi infrastructure.
Softer crude and a weaker dollar both reduce pressure on fuel and fertilizer costs and make dollar-priced commodities cheaper. The hawkish RBA stance supports the Aussie, which can attract Australian export flows.
au.investing.comOct 21, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
