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The RBA lifted its cash rate by 25 basis points to 4.85%, the highest since November 2008, in a 6-3 vote with three members preferring to hold. The AUD/USD pair traded near 0.6975-0.6980 and extended losses for a second day.
The RBA now expects inflation to return to the 2-3% target only in late 2027 and unemployment to rise toward 5.1% by late 2028.
A split vote and a weaker growth outlook reduce the currency's support, which makes Australian export prices in USD more competitive. The effect on feed commodity prices is limited.
fxstreet.comHaresh MenghaniNov 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.
