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The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85%, but its statement dropped the reference to possible further hikes. The Australian dollar fell about 0.45% to near 0.6965 against the US dollar during the European session.
A weaker Australian dollar makes Australian grain and barley exports cheaper on world markets, which can weigh on international feed prices. Markets had largely priced in the hike, so the dovish tone drove the currency move.
fxstreet.comSagar DuaNov 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.
