Derived Data That Drive Results
By John Noonan — Aug 31 - 10:05 PM
China Caixin Mfg PMI Aug at 51.0 much stronger than July 49.2
A muted reaction in the AUD/USD and it is still around 0.6485
It failed to move above 0.6500 earlier with talk of sellers camped there
With US non-farm payrolls later today, market wary of taking on orders
The improved China data and PBOC steps nP8N39K00H will likely keep AUD underpinned
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Source:
Refinitiv IFR Research/Market Commentary
