fxstreet.com 01 Feb, 2021 06:45 am

Aussie wavers after mixed China and Australian PMI data

Aussie wavers after mixed China and Australian PMI data
The Australian dollar started the week unchanged after relatively weak economic data from China. In a report yesterday, China Logistics said that the

In a report yesterday, China Logistics said that the country’s manufacturing PMI declined from 51.And today, a private survey found that the manufacturing PMI declined from 53 to 53.On a positive note, the Australian manufacturing PMI rose from 55 to 57.Today being the first trading day of the month, Markit will publish global manufacturing PMI data.

The non-manufacturing and the composite PMI declined to 52.Therefore, the pair will likely continue falling as bears aim for the next support at 0.

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