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The Australian dollar recovered after a recent selloff as US equities rebounded and energy prices fell. Reduced concern about further US strikes on Iran eased fears of an oil-driven inflation shock, although a stronger-than-expected US CPI reading could support the US dollar and pressure the Aussie.
Lower oil prices can reduce energy-cost pressure, while improved risk appetite tends to support the Australian dollar. Any subsequent rise in US rate expectations could strengthen the US dollar and reverse that currency support.
news24.com.auNov 9, 2026Not enough comparable past events yet for a historical read.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
