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The Australian Dollar weakened against the US Dollar on Monday, with AUD/USD trading near 0.7015 and approaching the 0.7000 area. Australian PMI data showed manufacturing contracting at 49.6 in October, while building permits rose 5.1% in September, and Chinese manufacturing PMI came in at 52.0.
The Reserve Bank of Australia is widely expected to raise rates by 25 basis points on Tuesday.
Expected RBA tightening and a firmer US dollar pressure the Aussie, a macro driver with limited direct link to feed grain prices. Stronger AUD typically supports Australian export competitiveness, so a weaker AUD marginally supports Australian barley and wheat export demand.
fxstreet.comGuillermo AlcalaNov 2, 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.
