# Australian Dollar softens below 0.7050 on risk-off mood, China's Manufacturing PMI data looms

> AUD/USD slipped to near 0.7025 in early Asian trading on Monday as Iran warned of expanded strikes against the US, boosting safe-haven demand for the dollar. Traders are pricing a 72.9% chance of a Fed hike in December, while the RBA is expected to raise rates on Tuesday.

- Date: 2026-11-01 · published 2026-11-01T23:41:55.763Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74253-australian-dollar-softens-below-0-7050-on-risk-off-mood-china-s-manufacturing
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to Middle East tensions and Fed hike expectations affect the dollar-denominated value of grain and meal exports from Australia and shift the relative cost of US feed ingredients for importers.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | +0.4% | +2.0% |
| DXY | 2022-01-26 | [Australian dollar nears one-month low as the US dollar surges and the mood darkens](https://feedsoft.ai/events/43385-australian-dollar-nears-one-month-low-as-the-us-dollar-surges-and-the-mood.md) | +0.2% | -0.4% |
| DXY | 2020-10-15 | [Aussie hits two-week low; risk-off mood supports US dollar \| Financial Post](https://feedsoft.ai/events/50900-aussie-hits-two-week-low-risk-off-mood-supports-us-dollar-financial-post.md) | -0.7% | -1.2% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |
| DXY | 2022-09-22 | [SBS On the Money: Why US rate rise means higher Australian rates and lower dollar \| SBS News](https://feedsoft.ai/events/39837-sbs-on-the-money-why-us-rate-rise-means-higher-australian-rates-and-lower.md) | +1.9% | +1.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-softens-below-07050-on-risk-off-mood-chinas-manufacturing-pmi-data-looms-202611012327

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