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The New Zealand dollar fell after weak jobs data. The Australian dollar was pressured after the Reserve Bank of Australia took a more dovish tone following its recent rate hike.
EUR/AUD traded near 1.6133.
Weaker antipodean currencies can make Australian and New Zealand exports cheaper in dollar terms, which marginally affects competition in feed-grain and dairy trade. The price effect on feed markets is small.
ae.marketscreener.comReutersNov 4, 2026Not enough comparable past events yet for a historical read.
After 15 past neutral macro events, Milk (Class III) moved a median -0.2% over 5 sessions (27% higher; middle half -2.1% to +0.1%), and -3.2% 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.
