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The Australian dollar traded around 0.7001 against the US dollar after finding support just below 0.70, following a dip in New York trading. The Reserve Bank of Australia is due to announce its decision today after a two-day board meeting, with markets expecting a rise in the cash rate from 4.60% to 4.85%.
A widely expected RBA hike would support the Australian dollar and tighten financial conditions, which can strengthen the currency and modestly weigh on dollar-denominated commodity prices such as feed grains.
traderswebfx.jpNov 3, 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.
