# AUD/USD keeps minor-recovery intact post–China PMI — Octa

> The Australian dollar traded near 0.7392 against the US dollar after weaker-than-expected Australian private capital expenditure data, while Caixin China manufacturing PMI came in at 50.9. Oil prices rallied overnight and the currency remained in a minor recovery.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73723-aud-usd-keeps-minor-recovery-intact-post-china-pmi-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger Chinese manufacturing data and higher oil prices support commodity-linked currencies, which slightly lowers the cost of Australian exports. The move is a routine technical update with limited feed-price impact.

## Read by commodity

- WTI: bullish ▲
- AUDUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/388765/

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