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Markets expect the Reserve Bank of Australia to raise its cash rate to 4.85% from 4.60% on Tuesday and the Bank of England to lift Bank Rate to 4.00% from 3.75% on Thursday. The Federal Reserve held at 3.75-4.00% last week, but two members voted for a hike, and CME FedWatch puts the odds of a December hike at about 70.7%.
The dollar index rose 0.21% in the week to October 30.
Expected rate hikes in Australia and the UK, alongside a possible Fed move, can shift G10 currency values against the dollar. A firmer dollar tends to weigh on US commodity export prices and on the cost of imported feed ingredients for buyers in emerging markets.
forextechtalk.comForexTechTalk Research DeskNov 1, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
