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The Australian dollar traded sideways near 0.7048 on 30 April despite a weaker US dollar. Chinese manufacturing and non-manufacturing PMIs surprised to the downside, pushing the Aussie as low as 0.7038.
Weak Chinese PMI data signals softer demand for Australian commodities and raw materials. This is routine currency commentary with no major new supply or demand shock for feed markets.
ofx.comWednesdayApr 30, 2019Not 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.
