# Australian and New Zealand dollars rise as US dollar weakens following midterm elections

> The Australian and New Zealand dollars strengthened on November 5 as the US dollar weakened after Democrats won control of both chambers of Congress. AUD/USD rose about 0.14% to $0.7015 and NZD/USD gained about 0.36% to $0.5639. US Treasury yields fell, narrowing the dollar's interest-rate advantage.

- Date: 2026-11-05 · published 2026-11-05T21:08:57.804Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/82418-australian-and-new-zealand-dollars-rise-as-us-dollar-weakens-following-midterm
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar and firmer Aussie and Kiwi currencies make US exports of grains and oilseeds relatively more expensive for Australian and New Zealand buyers, while lifting US dollar prices for commodities priced in those currencies.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-23 | [Dollar weakens as US tariffs struck down, Iran tensions rise \| Reuters](https://feedsoft.ai/events/20830-dollar-weakens-as-us-tariffs-struck-down-iran-tensions-rise-reuters.md) | -0.1% | +1.9% |
| DXY | 2024-06-28 | [Australian Dollar strengthens further following US PCE figures — Octa](https://feedsoft.ai/events/30055-australian-dollar-strengthens-further-following-us-pce-figures-octa.md) | -0.7% | -0.5% |
| DXY | 2020-12-17 | [Ringgit to rebound as US dollar weakens](https://feedsoft.ai/events/49920-ringgit-to-rebound-as-us-dollar-weakens.md) | +0.2% | -0.2% |
| DXY | 2017-09-20 | [Australian dollar pushed higher by US dollar weakness - ABC News](https://feedsoft.ai/events/69181-australian-dollar-pushed-higher-by-us-dollar-weakness-abc-news.md) | +1.1% | +1.9% |
| DXY | 2026-07-30 | [Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data](https://feedsoft.ai/events/18598-australian-dollar-rallies-despite-softer-cpi-as-us-dollar-tumbles-after-fed.md) | -1.2% | -1.9% |

## Sources

- economies.com: https://www.economies.com/markets/asia-pacific-news/australian-and-new-zealand-dollars-rise-as-us-dollar-weakens-following-midterm-elections-50497

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