# Why is the Australian Dollar underperforming after RBA's rate hike?

> 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.

- Date: 2026-11-03 · published 2026-11-03T12:09:30.063Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/77548-why-is-the-australian-dollar-underperforming-after-rba-s-rate-hike
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/aud-usd-price-forecast-australian-dollar-faces-wrath-of-rbas-dovish-hike-202611030951

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