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AUD/USD: Bulls capped by weak China manufacturing PMI & RBA
ASX 30-day interbank cash rate futures implied a further pause in the RBA cash rate through 2023. A contraction in China NBS Manufacturing PMI for Apr may reinforce RBA’s cautious stance. AUD/USD remains below the downward-sloping 50-day moving average. The Reserve Bank of Australia (RBA) will decide later today on its latest monetary policy decision […]...
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Posted: May 2 2023, 04:29
Author Name: marketpulse
Views: 081830