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Jun 29 - 10:55 PM

AUD/USD - China Mfg PMI Improves But Slight Miss On Expectations

By John Noonan  —  Jun 29 - 09:45 PM
  • China Mfg PMI for June back in expansion territory at 50.2 (50.5 exp) nAZN09UPQLnAZN09UPQL

  • China services PMI showed large improvement to 54.7 (47.8 in May)For more nAZN09UQA0

  • AUD/USD showing a muted reaction to China PMI and is still around 0.6870/75

  • Before China PMI, AUD/USD fell to 0.6853 before bids at 0.6850 underpinned

  • Support is at the June 14 low at 0.6850 and 2022 low at 0.6829

  • AUD/USD under pressure as risk assets remain sluggish amid growth concerns

  • The E-minis are -0.33% while the AXJ index is -0.43%

  • click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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