# Australian Dollar Steady After Strong China Services Data

> The Australian dollar held its recent gains near 0.6970 against the US dollar in Asian hours after two days of losses. China's RatingDog services PMI eased to 50.8 in October from 51.6, while Australia's services PMI fell to a seven-month low of 48.5.

- Date: 2026-11-04 · published 2026-11-04T12:09:05.344Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79626-australian-dollar-steady-after-strong-china-services-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak Australian services activity and political and Iran-related uncertainty limit the currency's upside, which matters for Australian export competitiveness and the AUD-linked commodity complex. The effect on feed commodity prices is small.

## Read by commodity

- AUDUSD: neutral

## Sources

- markets.capital: https://markets.capital/article/australian-dollar-steady-after-strong-china-services-data

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