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AUD/USD traded near 0.7020 after retreating from multi-week highs near 0.7045. China's official manufacturing and non-manufacturing PMIs fell below 50 in July, missing expectations.
Dallas Fed President Logan signaled a hawkish stance, arguing inflation risks are skewed to the upside.
Weak Chinese factory activity signals softer demand for raw materials and imported feed ingredients, a mildly bearish factor for commodity prices.
mitrade.comFxstreetJul 31, 2026After 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.
Not 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.
