# Australian Dollar holds gains following China's RatingDog Services PMI data

> 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.

- Date: 2026-11-04 · published 2026-11-04T03:09:14.047Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/79021-australian-dollar-holds-gains-following-china-s-ratingdog-services-pmi-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-holds-gains-following-chinas-ratingdog-services-pmi-data-202611040228

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