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Aug 31 - 11:55 PM

AUD/USD - Muted Response To Surprisingly Strong China Caixin PMI

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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