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AUD/USD traded near 0.7020 after weak official Chinese PMIs released over the weekend. Traders are cautious ahead of an expected 25 basis point RBA hike on Tuesday, and geopolitical uncertainty is supporting the US dollar.
Weaker Chinese demand signals and a firmer US dollar both pressure Australian export prices, which can weigh on commodity demand sentiment.
fxstreet.comHaresh MenghaniNov 2, 2026fxstreet.comHaresh MenghaniNov 3, 2026Not 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.
