# Aussie slips below 0.7000 as RBA hike fails to offset US election woes

> AUD/USD fell 0.44% to 0.6965 as the US midterms were underway and Iran denied it was close to a peace deal. The RBA raised rates to 4.85% but gave no forward guidance.

- Date: 2026-11-03 · published 2026-11-04T00:13:33.460Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/78616-aussie-slips-below-0-7000-as-rba-hike-fails-to-offset-us-election-woes
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency weakness driven by election and geopolitical uncertainty has limited direct impact on feed ingredient prices. Its main effect is on Australian export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- mitrade.com: https://www.mitrade.com/au/insights/news/live-news/article-1-2227043-20261104

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