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The Australian dollar fell 2.3% against the US dollar over the week to about 68.66 US cents. Analysts attributed the decline to changing expectations after the RBA’s split rate hike, expectations of future US rate increases, and weakness in oil and copper.
A narrowing expected interest-rate advantage for Australia can weigh on the Australian dollar, while weaker commodity prices add pressure to a currency sensitive to commodity markets.
adelaidenow.com.auNov 9, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
