Global Market Sentiment: Broad market trends and investor confidence in global equities impact MXI.AU, as it's an international exchange-traded fund.

Currency Fluctuations: Changes in the AUD/USD exchange rate affect the fund's value, as it holds international assets priced in USD.

Underlying Index Performance: The performance of the MSCI World ex Australia Index, which MXI.AU tracks, directly influences its price.

Interest Rate Changes: Shifts in interest rates, particularly in the US, can affect investor appetite for equities and impact MXI.AU.

Geopolitical Events: Global political and economic events, such as trade wars or conflicts, can trigger market volatility and affect MXI.AU.

Fund Flows: Investor buying and selling pressure of MXI.AU units impact its supply and demand, thereby influencing the price.

Economic Data Releases: Major economic data releases from the US and other developed economies impact investor sentiment and affect MXI.AU.

Company-Specific News: News and performance of major companies within the MSCI World ex Australia Index influence the index and MXI.AU.