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The Australian dollar held gains near 0.6970 after China's RatingDog Services PMI eased to 50.8 in October from 51.6. Australia's services and composite PMIs fell below 50, signalling private-sector contraction, though both beat forecasts.
Political uncertainty around the US midterms and stalled Iran peace talks continue to weigh on sentiment.
A softer China services sector can weigh on demand for Australian exports, which matters for feed-linked trade flows. The effect on grain and meal prices is limited because the moves are small and driven mainly by currency sentiment.
fxstreet.comAkhtar FaruquiNov 4, 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.
