2 Dec 2013
AUD/USD boosted on China PMI, testing 0.9130 offers
FXstreet.com (Barcelona) - As the losing streak expanded to 6 weeks, the Australian Dollar is off to a more promising start this week, with the rate against the US Dollar up at 0.9130, moving further away from 3-month low of 0.9056 printed last Nov 29.
0.9130 offers cap AUD/USD price
A better-than-expected NBS Chinese Manufacturing PMI (Nov) over the weekend, 51.4 vs 51.1 exp and 51.4 last, combined with overbought conditions, gave the Aussie a much-needed boost through interbank trading, although 0.913 offers cap the price now.
Lots of indicators out of Australia
The Australian Dollar should have a busy day ahead, with plenty of economic indicators due to be released during the Asian session. At 22.30GMT, the AiG Performance of Manufacturing Index (manufacturing PMI) for November is due, followed by the RPData/Rismark House Price change for November at 23GMT. Later at 23.30GMT, the TD Securities Inflation measure for November
is due. At 00.30GMT building approvals numbers for October are published, while at 00.30GMT Aus company operating profits for Q3 will be released. From China, also impacting on the Aussie, we get the final read for the HSBC/Markit PMI Manufacturing for November, at 1.45GMT. Lastly, at 0530GMT, the November commodity price index is out.
0.9130 offers cap AUD/USD price
A better-than-expected NBS Chinese Manufacturing PMI (Nov) over the weekend, 51.4 vs 51.1 exp and 51.4 last, combined with overbought conditions, gave the Aussie a much-needed boost through interbank trading, although 0.913 offers cap the price now.
Lots of indicators out of Australia
The Australian Dollar should have a busy day ahead, with plenty of economic indicators due to be released during the Asian session. At 22.30GMT, the AiG Performance of Manufacturing Index (manufacturing PMI) for November is due, followed by the RPData/Rismark House Price change for November at 23GMT. Later at 23.30GMT, the TD Securities Inflation measure for November
is due. At 00.30GMT building approvals numbers for October are published, while at 00.30GMT Aus company operating profits for Q3 will be released. From China, also impacting on the Aussie, we get the final read for the HSBC/Markit PMI Manufacturing for November, at 1.45GMT. Lastly, at 0530GMT, the November commodity price index is out.