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The Australian dollar rose briefly after China's August manufacturing PMI came in at 49.7, above the 49.4 expected. The non-manufacturing PMI slowed to 51.0.
Analysts said the data was still broadly underwhelming.
Signs of stabilising Chinese activity support the Australian dollar, since China is Australia's largest export market. Improved Chinese demand expectations can modestly support commodity demand.
ig.comManish JaradiAug 31, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
