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The Reserve Bank of New Zealand unexpectedly held its cash rate at 2.75% in a four-to-three vote, with three members favouring a rise to 3%. The kiwi fell 1.20% for the week to 0.56319.
The Australian dollar was nearly unchanged after stronger Australian inflation gave only a brief lift.
A surprise hold weakened the New Zealand dollar, while the Aussie's failure to hold gains signals limited support for Australian currency-linked commodity pricing. Currency moves shift the cost of dollar-priced feed exports from the region.
sharetrader.com.auSHARETRADER Editorial TeamNov 1, 2026Not 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.
