# Australian Dollar holds despite weak Chinese PMIs

> 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.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/18600-australian-dollar-holds-despite-weak-chinese-pmis
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak Chinese factory activity signals softer demand for raw materials and imported feed ingredients, a mildly bearish factor for commodity prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.1% | +0.7% |
| DXY | 2026-05-28 | [Australian dollar holds near weekly low vs USD; eyes US PCE data](https://feedsoft.ai/events/19503-australian-dollar-holds-near-weekly-low-vs-usd-eyes-us-pce-data.md) | +0.2% | +1.6% |
| DXY | 2025-03-28 | [Australian Dollar depreciates as US Dollar holds position ahead of PCE Price data](https://feedsoft.ai/events/25845-australian-dollar-depreciates-as-us-dollar-holds-position-ahead-of-pce-price.md) | -1.3% | -2.7% |
| DXY | 2022-08-31 | [Forex: China, recession worries hammer the Australian dollar](https://feedsoft.ai/events/40293-forex-china-recession-worries-hammer-the-australian-dollar.md) | +0.9% | +3.6% |
| DXY | 2018-04-30 | [Australian dollar downgrades flow - MacroBusiness](https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness.md) | +1.0% | +2.2% |

## Sources

- mitrade.com: https://www.mitrade.com/au/insights/news/live-news/article-1-1951816-20260801

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.