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The RBA raised its official cash rate to 4.85% from 4.60%, a move that was widely expected but passed only 6-3. The Australian dollar initially rose above 70 US cents, then fell back to about 69.75 cents as the central bank's commentary was read as dovish.
The 10-year government bond yield fell to about 5.10%.
Markets now see the tightening cycle as ending, which reduces support for the AUD and lowers Australian bond yields. This affects currency-driven export competitiveness more than feed-grade prices.
marketwatch.comNov 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.
