Australian shares are poised to fall on Tuesday, as oil prices held steady amid mixed signals from the Organization of the Petroleum Exporting Countries' supply decisions and weak factory data in Asia.

The US dollar's rise to a three-month high against the euro, fueled by doubts over further US Federal Reserve rate cuts and uncertainties from the US government shutdown, is also weighing on markets.

Overnight, the S&P 500 and the Nasdaq Composite rose 0.2% and 0.5%, respectively, while the Dow Jones Industrial Average fell 0.5%.

In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision at 2:30 pm Sydney time.

In corporate news, Southern Cross Media Group (ASX:SXL) said an independent expert concluded that the proposed merger with Seven West Media (ASX:SWM) via a scheme of arrangement is in the best interest of the company's shareholders in the absence of a superior proposal.

Elders (ASX:ELD) acquired 100% of Delta Agribusiness, issuing 22.3 million new shares and paying AU$292 million in cash.

Australia's benchmark index rose 0.2% or 12.9 points to close at 8,894.80 on Monday.