# Australian Dollar dips further amid mixed data with RBA decision in focus

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:10:25.511Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/75264-australian-dollar-dips-further-amid-mixed-data-with-rba-decision-in-focus
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-dips-further-amid-mixed-data-with-rba-decision-in-focus-202611020826

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