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The Australian dollar traded below 0.70 against the US dollar, according to Societe Generale analysts. The move followed the Reserve Bank of Australia's rate hike, which was described as dovish, and weaker industrial metal prices.
Australia is a major exporter of industrial metals and a feed-grain and oilseed supplier, so a weaker Aussie dollar can make Australian barley, canola and other exports more competitive abroad. The move is driven mainly by metals rather than rate differentials, so its effect on feed commodity prices is limited.
fxbus.comNov 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.
