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The Australian dollar came under pressure after the Reserve Bank of Australia’s rate hike was seen as less hawkish than expected, while a stronger US dollar and risk-off trading added to the decline. Markets were watching US CPI and producer-price data for clues about the Federal Reserve’s next rate decision.
Stronger US inflation could bolster expectations of further Fed hikes and support the US dollar, keeping AUD/USD under pressure. A softer inflation reading could prompt short covering in the Australian dollar.
forex.comMatt SimpsonNov 8, 2026Not 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.
