# Australia, NZ dollars extend gains as US Democratic sweep fuels risk rally

> The Australian dollar rose 0.2% to $0.7019 and the New Zealand dollar gained 0.4% to $0.5642 after the Democratic midterm sweep lifted equities and weakened the US dollar. Oil prices fell nearly 9% as fears of an imminent attack on Iran faded, and the RBA had raised rates for the fifth time this year.

- Date: 2026-11-05 · published 2026-11-05T03:10:12.049Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81032-australia-nz-dollars-extend-gains-as-us-democratic-sweep-fuels-risk-rally
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil and a weaker dollar reduce input costs and can lift dollar-priced commodity demand from Australia and New Zealand. The move is mainly a currency and risk-sentiment update rather than a direct supply change.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2020-08-18 | [Dollar extends gain but shares retreat as Fed signals stimulus](https://feedsoft.ai/events/51791-dollar-extends-gain-but-shares-retreat-as-fed-signals-stimulus.md) | -0.9% | -10.7% |
| WTI | 2022-03-16 | [Australia, NZ dollars on edge for uber-hawkish Fed - Business & Finance - Business Recorder](https://feedsoft.ai/events/42520-australia-nz-dollars-on-edge-for-uber-hawkish-fed-business-and-finance-business.md) | +15.4% | +4.3% |
| WTI | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -2.6% | -61.0% |
| WTI | 2018-10-18 | [Ringgit snaps 2-day gaining streak to end lower vs US dollar \| FMT](https://feedsoft.ai/events/62789-ringgit-snaps-2-day-gaining-streak-to-end-lower-vs-us-dollar-fmt.md) | -4.3% | -19.3% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| DXY | 2023-09-29 | [Australian Dollar extends gains after upbeat Private Sector Credit — Octa](https://feedsoft.ai/events/34386-australian-dollar-extends-gains-after-upbeat-private-sector-credit-octa.md) | +1.1% | +0.9% |
| DXY | 2026-01-01 | [Canadian dollar extends recent gains as US labor market cools](https://feedsoft.ai/events/21732-canadian-dollar-extends-recent-gains-as-us-labor-market-cools.md) | +0.3% | -1.5% |

## Sources

- rallies.ai: https://rallies.ai/news/australia-nz-dollars-extend-gains-as-us-democratic-sweep-fuels-risk-rally-440ebda03dfe3f50

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