# Dollar Weakens On Oil Price Slump, Aussie Awaits RBA Decision

> The dollar index eased to about 101.76 after touching a one-month low on Monday. Brent crude fell more than 7% in the prior session after Tehran said diplomatic contacts with Washington to end the conflict were continuing. The US 10-year Treasury yield held near 4.91% after falling to a two-month low.

- Date: 2026-11-03 · published 2026-11-03T21:09:48.313Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/78406-dollar-weakens-on-oil-price-slump-aussie-awaits-rba-decision
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices ease inflation concerns and weaken the dollar, which can support dollar-priced commodities and reduce energy and fertiliser cost pressure on feed production. The move depends on whether the Iran diplomacy holds.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| DXY | 2024-08-28 | [Weakening dollar, rising gold price behind’s baht’s appreciation: BOT chief](https://feedsoft.ai/events/29094-weakening-dollar-rising-gold-price-behind-s-baht-s-appreciation-bot-chief.md) | +0.5% | -0.3% |
| DXY | 2024-02-16 | [Dollar retreats on weak US Retail Sales, bond yields slump](https://feedsoft.ai/events/31933-dollar-retreats-on-weak-us-retail-sales-bond-yields-slump.md) | -0.1% | -0.7% |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |
| DXY | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| BRENT | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -1.8% | +5.9% |
| BRENT | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | +4.1% | +1.0% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/11/03/dollar-weakens-on-oil-price-slump-aussie-awaits-rba-decision/

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