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Wednesday, May 31, 2017

[FOREX NEWS] AUD/USD hit by Chinese PMIs, ignores Australian data

Aussie/USD is struggling to hold onto the 0.74 level. The pair dropped to 0.7385, just above support at 0.7375. A further cushion awaits at 0.7325. Chinese data has the upper hand. The independent measure of China’s manufacturing sector now reflects a contraction in the sector. The Caixin manufacturing PMI fell from 50.3 to 49.6, more than 50.2 expected. The [...]

The post AUD/USD hit by Chinese PMIs, ignores Australian data appeared first on Forex Crunch.



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