Implications for AUD/USD
Disappointing Chinese NBS PMIs could exacerbate the pain in the aussie dollar, as AUD/USD could risk a fall below 0.7500 in the big week ahead. The RBA and Fed monetary policy decisions highlight the first week of November, with Friday likely to see the critical US NFP release.
On Friday, the aussie corrected sharply from three-month peaks of 0.7556 and tested the 0.7500 barrier before rebounding modestly to finish the week at 0.7523, down 0.28% on the day.