# Dollar drifts on Mideast, midterm risks; Aussie dips after expected RBA hike

> The dollar was on the defensive in markets cautious about US-Iran tensions and the upcoming midterm elections, while the Aussie dipped after the Reserve Bank of Australia hiked rates as expected. Brent rose 0.5% to $105.25 after US strikes on Iran's Qeshm Island, and China's offshore yuan weakened after the PBOC raised its FX reserve requirement ratio.

- Date: 2026-11-03 · published 2026-11-03T06:07:40.135Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/77059-dollar-drifts-on-mideast-midterm-risks-aussie-dips-after-expected-rba-hike
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves and oil prices feed into feed costs and import affordability for buyers in dollar-linked markets, and the yuan and Aussie moves affect Chinese and Australian demand expectations.

## Read by commodity

- DXY: neutral
- BRENT: bullish ▲
- AUDUSD: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-14 | [Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters](https://feedsoft.ai/events/17642-dollar-gains-as-middle-east-conflict-lifts-oil-fed-hike-looms-by-reuters.md) | +0.3% | +5.0% |
| BRENT | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | -6.4% | +3.9% |
| BRENT | 2026-05-19 | [Euro Near One-Month Low Amid Middle East Risks](https://feedsoft.ai/events/19475-euro-near-one-month-low-amid-middle-east-risks.md) | -11.6% | -30.3% |
| BRENT | 2020-04-27 | [Ringgit opens higher against US dollar](https://feedsoft.ai/events/53928-ringgit-opens-higher-against-us-dollar.md) | +19.9% | +86.8% |
| BRENT | 2026-03-28 | [Ringgit expected to hover around 4.00 amid oil‑driven inflation fears, hawkish Fed \| Malay Mail](https://feedsoft.ai/events/20419-ringgit-expected-to-hover-around-4-00-amid-oil-driven-inflation-fears-hawkish.md) | +1.2% | -5.1% |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2025-10-29 | [US Dollar Index roils after Fed delivers expected interest rate moves](https://feedsoft.ai/events/22617-us-dollar-index-roils-after-fed-delivers-expected-interest-rate-moves.md) | +1.0% | +0.5% |
| DXY | 2023-11-13 | [Dollar slips after hitting one-year high against yen](https://feedsoft.ai/events/33396-dollar-slips-after-hitting-one-year-high-against-yen.md) | -1.0% | -1.0% |

## Sources

- ae.marketscreener.com: https://ae.marketscreener.com/news/dollar-drifts-on-mideast-midterm-risks-aussie-dips-after-expected-rba-hike-ce785fd9dc8afe27
- live.euronext.com: https://live.euronext.com/en/financial-news/dollar-drifts-mideast-midterm-risks-aussie-dips-after-expected-rba-hike
- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/03/dollar-drifts-on-mideast-midterm-risks-aussie-dips-after-expected-rba-hike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.