
The Australian dollar fell 1% on Thursday, the largest decline among G10 currencies, as a technology-led selloff in US equities prompted demand for safe-haven assets and supported the US dollar. AUD/USD was near 0.6880 early Friday; the Reserve Bank of Australia had raised its cash rate by 25 basis points to 4.85% on November 3.
Risk aversion and US-dollar strength weighed on the Australian dollar, potentially improving the USD competitiveness of Australian exports. The currency move does not itself imply a change in feed-commodity fundamentals.
Not 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.