# Australian Dollar Rises Above US$0.70 as Democrats Win Congress

> The Australian dollar traded at US$0.7007 after Democrats won control of both chambers of Congress in the midterms. The RBA raised its cash rate by 25 basis points to 4.85% effective November 4.

- Date: 2026-11-04 · published 2026-11-05T00:10:03.990Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80700-australian-dollar-rises-above-us-0-70-as-democrats-win-congress
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The RBA rate rise and a weaker dollar shift currency costs for Australian importers of feed ingredients. The effect on grain and meal prices is limited.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/Australian-Dollar-Rises-Above-US-0-70-as-Democrats-Win-Congress-1770688

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