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The RBA raised its cash rate by 25 basis points to 4.85% in a 6-3 vote, its fifth increase this year. The Australian dollar slid to a two-week low near 0.6975, and market pricing for a further hike to 5.10% fell to about 24% from 40%.
Reduced expectations of further Australian rate hikes weaken the currency, which supports Australian export competitiveness for grains and oilseeds. The move is a currency-driven shift rather than a change in physical supply.
vantagemarkets.comVantage Editorial Team >Nov 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.
