# Australian Dollar falls to its lowest level since March as strong US NFP reinforces bets on a Fed rate hike

> The Australian dollar fell to its weakest level since late March, with AUD/USD around 0.6858 and down more than 2% for the week. US nonfarm payrolls rose by 165,000 in October, well above the 65,000 forecast, while the Reserve Bank of Australia signaled a cautious, wait-and-see approach after its latest rate increase.

- Date: 2026-11-06 · published 2026-11-06T19:01:15.609Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/84812-australian-dollar-falls-to-its-lowest-level-since-march-as-strong-us-nfp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger US employment data bolsters expectations of tighter Federal Reserve policy and supports the US dollar, while risk aversion and a cautious RBA stance pressure the Australian dollar. This points to further downside risk for AUD/USD.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-01 | [Dollar Rallies Toward Best Week Since March on Fed Hike View](https://feedsoft.ai/events/19470-dollar-rallies-toward-best-week-since-march-on-fed-hike-view.md) | +1.0% | +1.7% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2026-09-30 | [Australian Dollar reverses post-PCE rebound as Fed hike bets shift](https://feedsoft.ai/events/17717-australian-dollar-reverses-post-pce-rebound-as-fed-hike-bets-shift.md) | -0.1% | +0.7% |
| DXY | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | +1.4% | +1.0% |
| DXY | 2026-06-23 | [Dollar Hits Highest Since November as Fed Rate Hike Bets Strengthen - Bloomberg](https://feedsoft.ai/events/11990-dollar-hits-highest-since-november-as-fed-rate-hike-bets-strengthen-bloomberg.md) | +0.3% | +0.0% |

## Sources

- fxstreet.es: https://www.fxstreet.es/news/el-dolar-australiano-cae-a-su-nivel-mas-bajo-desde-marzo-mientras-un-solido-nfp-refuerza-las-apuestas-a-una-subida-de-tasas-de-la-fed-202611061801
- mitrade.com: https://www.mitrade.com/au/insights/news/live-news/article-1-2238315-20261107

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