AUD News 

AUD/USD recovers but it’s capped

“The independent forward-looking gauge of the Chinese economy, the Caixin Manufacturing PMI, beat expectations and hit 49.9 points, just under the 50-point threshold that separates expansion from contraction” writes Yohay’s Google Profile for forexcrunch.com. The latest US data already missed expectations with Personal Spending falling by 0.5% and Personal Income by 0.1%.The number even came out better than the official government PMI. The good news from Australia’s No. 1 trading partner supported the A$.
 
Source: forexcrunch.com



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