Australian dollar drops below 0.70 against the US dollar as industrial metal prices soften
智通财经2026/11/03 09:35Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- Kenneth Brou and his colleagues from Société Générale stated that after the Reserve Bank of Australia’s dovish rate hike and the decline in industrial metal prices, the Australian dollar is trading below 0.70 against the US dollar.
- This currency pair is still mainly driven by industrial metals rather than the interest rate differential between the Reserve Bank of Australia and the Federal Reserve.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Wedbush lowers the price target for Cerebras Systems to $190
智通财经•2026/11/09 12:49
Stifel resumes coverage on Starbucks with a Buy rating and a target price of $115.
智通财经•2026/11/09 12:43
Rosenblatt Securities lowers CoreWeave target price to $160
智通财经•2026/11/09 12:26
Crypto prices
More
Bitcoin
BTC
$74,804.4
-1.37%
Ethereum
ETH
$2,125.27
-4.93%
Tether USDt
USDT
$0.9987
+0.01%
BNB
BNB
$685.8
-1.69%
USDC
USDC
$0.9998
+0.01%
XRP
XRP
$1.1
-4.91%
Solana
SOL
$86.65
-3.05%
TRON
TRX
$0.3174
-0.90%
Zcash
ZEC
$1,217.49
-3.89%
Hyperliquid
HYPE
$73.68
-4.66%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now