By Christopher Romano — Apr 30 - 07:15 AM
AUD/USD traded 0.65675-0.65145 overnight, NY opened near 0.6530, down -0.57%
China April NBS mfg PMI 50.4 from 50.8 in March; fueled doubt on econ growth
Data helped rally USD/CNH up to 7.2572 (D3) which helped weigh on AUD/USD
Commodity DCIOc2HGv1, equity ESv1 drops added weight on AUD/USD, risk
AUD/USD fell away from the thin daily cloud, pierced the 55- & 200-DMAs
Pair remained above the 10- & 21-DMAs but daily RSI turned downward
Investors focused on looming US jobs reports, Fed meeting, ISM mfg PMI
US Q1 employment cost a risk Tues., will give some color on wage inflation
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Source:
Refinitiv IFR Research/Market Commentary