# Aussie weakens after RBA rate hike as US elections keep investors cautious

> The Australian dollar declined on Tuesday despite the Reserve Bank of Australia raising its benchmark cash rate 25 basis points to 4.85%. AUD/USD traded near $0.6984, and investors were focused on the central bank's guidance on further tightening ahead of the US midterm elections.

- Date: 2026-11-03 · published 2026-11-03T09:10:26.743Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/77393-aussie-weakens-after-rba-rate-hike-as-us-elections-keep-investors-cautious
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Australian rate moves affect the Aussie, which tracks China demand and commodity sentiment. Currency moves of this size have only a small direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/markets/asia-pacific-news/aussie-weakens-after-rba-rate-hike-as-us-elections-keep-investors-cautious-50451

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