Drivers of Aussie and gold moves: US–China trade optimism

Tuesday 28th October 2025

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

The market shift we highlighted yesterday morning continued through the session yesterday and overnight, with gold losing ground, US equities rising and the Aussie dollar the main beneficiary in currency markets. NAB’s Ray Attrill says the ussie was also helped by the PBoC fixing the Renminbi at his highest level since October. Tay says the Aussie was also influenced a little by the RBA’s Michelle Bullock’s Fireside Chat yesterday. 

Hosted on Acast. See acast.com/privacy for more information.