The Australian dollar fell about 2.46% against the US dollar in the week to November 6, trading near 0.6858 despite the Reserve Bank of Australia raising its cash rate to 4.85%. A stronger-than-expected US payrolls report revived expectations of Fed rate hikes, while the RBA’s softer guidance weighed on the Aussie.
A stronger US dollar and reduced expectations for further RBA tightening put downward pressure on AUD/USD. That currency move can make imported feed and farm inputs more expensive for Australian buyers.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.