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The RBA raised its cash rate to 4.85%, its highest level since 2008, in a 6-3 vote. The Board removed its explicit reference to further rate increases, and it revised inflation forecasts higher while growth and unemployment outlooks weakened.
The softer guidance points toward an end to tightening, which reduces support for the Australian dollar and makes Australian exports more competitive. Lower AUD can ease the cost of Australian feed grain exports to Asian buyers.
forextraders.comForextradersNov 3, 2026
forex.comFOREX.comNov 3, 2026forex.comMatt SimpsonNov 3, 2026
stonex.comMatt SimpsonNov 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.
