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The RBA’s reference data showed the Australian dollar at US$0.6900 on Nov. 6, down about 1.6% from US$0.7014 on Nov.
5. The decline followed the RBA’s Nov.
3 rate increase to 4.85% and coincided with strong U.S. payroll data.
A weaker Australian dollar can raise the local-currency cost of imported feed and agricultural inputs, while also improving the price competitiveness of Australian exports.
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.