# eFXdata | ING: We Remain Confident that our 0.710 AUD/USD Target Can be Reached by Year-End

> 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.

- Date: 2026-11-03 · published 2026-11-04T03:09:14.273Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/79024-efxdata-ing-we-remain-confident-that-our-0-710-aud-usd-target-can-be-reached-by
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- efxdata.com: https://www.efxdata.com/insights/2b52cd003e2c4f1a3b5c9eaf0fc9cb6a.html

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