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The RBA hiked its cash rate to 4.85% in a 6-3 split vote, with a dovish statement that dropped its reference to further hikes and a sharp downgrade to the economic outlook. ING said it remains positive on the Australian dollar, citing its carry advantage in G10, and keeps its 0.710 AUD/USD year-end target.
Markets price only about a one-in-three chance of another hike.
Rate expectations drive the Australian dollar, which affects Australian export competitiveness and the cost of Australian feed-grain and meal supplies. The forecast is an analyst view and does not by itself move feed prices.
efxdata.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.
