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The Australian dollar moved lower against the US dollar after an ISM report showed US manufacturing PMI at 55.6, above expectations. The report's Prices Paid Index eased to 71.1 from 73.0, while AUD/USD retreated from above 0.7050 toward 0.6990.
Stronger US activity data supported the US dollar relative to the Australian dollar, making US-priced feed imports more expensive for Australian buyers. The softer prices-paid reading may temper expectations for further US rate tightening, limiting the currency effect.
maccma.comCatherine TremblayNov 8, 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.
