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Aug 30 - 09:55 PM

AUD/USD - China PMI Misses Expectations As Services PMI Contracts

By John Noonan  —  Aug 30 - 09:12 PM
  • China Mfg PMI for Aug 50.1 vs 50.2 while services PMI slides to 47.5 nL4N2Q20B3]

  • China PMI survey will likely stoke concerns over direction of China economy

  • AUD/USD having a muted reaction so far, but upside will likely be limited

  • AUD/USD support at yesterday's 0.7285 low and 10-day MA at 0.7240

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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