# Aussie dips anew after yesterday's surge

> The Australian dollar slipped to 0.7557 in Asian trade after rallying the prior day on US dollar weakness. Strong Chinese PMI data failed to lift the currency as traders took profits.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65262-aussie-dips-anew-after-yesterday-s-surge
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves of this size have limited direct impact on feed commodity prices, though China demand signals matter for Australian exports.

## Read by commodity

- AUDUSD: neutral

## Sources

- economies.com: https://www.economies.com/forex/aud-usd-news/aussie-dips-anew-after-yesterdays-surge-23244

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.