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The Australian dollar recovered to about US$0.7018 after the Reserve Bank of Australia raised its cash rate by a quarter point to 4.85% in a divided 6-3 vote. ING still expects AUD/USD to reach 0.710 by end-2026, arguing that the currency's interest-rate return stays attractive even if tightening is over.
Citi warns that weaker Chinese credit and a slowing Australian housing market could undermine the recovery.
A firmer Aussie lowers the cost of Australian dollar-denominated imports and shifts the export competitiveness of Australian feed grains and barley relative to US supplies. Weaker Chinese credit and housing would reduce demand for Australian commodities.
exchangerates.org.ukDave TaylorNov 5, 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.
