# Australian Dollar Price Forecast: Bulls retarget 0.7000

> The Australian dollar rebounded from multi-month lows, with AUD/USD moving back above 0.6900 as the US dollar weakened amid improved risk sentiment and speculation about a US-Iran deal. The report also notes persistent Australian inflation and a cautious Reserve Bank of Australia stance, while recent PMI readings showed softer services activity.

- Date: 2026-11-09 · published 2026-11-09T18:09:40.713Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/89886-australian-dollar-price-forecast-bulls-retarget-0-7000
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The currency move may affect the competitiveness and local-currency cost of Australian commodity exports and imported feed inputs, but the article gives no direct change to agricultural supply or demand. The likely feed-market effect is limited.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/australian-dollar-price-forecast-bulls-retarget-07000-202611091735

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