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The Reserve Bank of Australia raised rates for the fifth time this year, and the Australian dollar fell to its weakest level in over two weeks against the greenback. The People's Bank of China also raised its foreign-currency reserve requirement ratio.
The U.S. dollar was mixed ahead of the midterm elections.
A stronger-rate cycle in Australia and tighter Chinese FX liquidity influence currency-linked import costs for feed buyers in Asia and Australia. Dollar moves change the relative price of U.S. feed exports to foreign buyers.
investing.comMarc ChandlerNov 3, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
