# Aussie Dollar reclaims 0.7000 as blue wave sweep tumbles the US Dollar

> The AUD/USD pair rebounded from a 12-day low of 0.6954 to reclaim 0.7000 after Democrats swept the US midterm elections. The US Dollar Index fell 0.36% to 101.53 and WTI crude dropped nearly 9% to $88.05 per barrel.

- Date: 2026-11-04 · published 2026-11-05T00:10:03.549Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/80697-aussie-dollar-reclaims-0-7000-as-blue-wave-sweep-tumbles-the-us-dollar
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar and sharply lower crude reflect expectations that the Iran war may end, which lowers energy costs for feed production and transport. Currency moves matter for feed ingredient import costs in AUD-based markets.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-26 | [Aussie Dollar loses grip on 0.70 rally as Fed, RBA inflation tests lurk](https://feedsoft.ai/events/17328-aussie-dollar-loses-grip-on-0-70-rally-as-fed-rba-inflation-tests-lurk.md) | -3.2% | — |
| WTI | 2017-06-21 | [Colombia's peso slides against US dollar as global oil prices tumble \| The City Paper Bogotá](https://feedsoft.ai/events/70797-colombia-s-peso-slides-against-us-dollar-as-global-oil-prices-tumble-the-city.md) | +2.2% | +8.8% |
| WTI | 2021-10-21 | [Canadian dollar falls by most in three weeks as oil stumbles \| Financial Post](https://feedsoft.ai/events/44823-canadian-dollar-falls-by-most-in-three-weeks-as-oil-stumbles-financial-post.md) | -1.9% | -7.0% |
| WTI | 2026-10-21 | [Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters](https://feedsoft.ai/events/17330-dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba.md) | -0.7% | — |
| WTI | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | +4.4% | -0.4% |
| DXY | 2022-12-13 | [U.S. dollar tumbles across the board as inflation rise eases](https://feedsoft.ai/events/38150-u-s-dollar-tumbles-across-the-board-as-inflation-rise-eases.md) | -0.2% | -2.1% |
| DXY | 2025-06-26 | [AUD/USD reclaims seven-month high around 0.6550 as US Dollar slides further — Octa](https://feedsoft.ai/events/24492-aud-usd-reclaims-seven-month-high-around-0-6550-as-us-dollar-slides-further-octa.md) | -0.9% | -0.6% |
| DXY | 2018-03-02 | [Dollar tumbles as US tariff plan ignites trade war fears](https://feedsoft.ai/events/66227-dollar-tumbles-as-us-tariff-plan-ignites-trade-war-fears.md) | -0.6% | -0.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/aussie-dollar-reclaims-07000-as-blue-wave-sweep-tumbles-the-us-dollar-202611042240

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