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AUD/USD popped a little higher on the Chinese PMIs and the batch of Australian data

AUD/USD popped a little higher on the Chinese PMIs and the batch of Australian data
China's manufacturing PMI improved in August but remains in contraction. Baby steps for this data series it seems:China August Manufacturing PMI 49.7 (vs. expected 49.2)There was some data from Australia also, the capex data was especially encouraging. Supply chain snarl easing greased the wheels for a boost to business investment:Australian data - Private sector credit in July +0.3% m/m from +0.3% in JuneAustralian data - Q2 Capex headline rose 2.8% vs. +1.2% expectedAUD/USD popped a few points... Read More
Posted: Aug 31 2023, 01:52
Author Name: forexlive
Views: 102045

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