Page 30 - Audusd News Today

The AUD/USD is trading with minuscule losses despite being back above the 0.6600 figure after bouncing from the 200-day moving average (DMA) at around 0.6579.

Australian Manufacturing Purchasing Managers' Index data for November saw the headline index decline for the ninth-straight month into 47.7 on the month, down from October's official reading of 48.2.

The AUD/USD rose to 0.6665, reaching the highest level in three months, and then pulled back, finding support above 0.6630.

The AUD/USD pair edges higher to the mid-0.6600s during the early Asian session on Wednesday.

The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator on Wednesday.

The Australian Dollar (AUD) is on a winning streak, extending its gains for the fifth consecutive day on Wednesday.

The Australian Dollar (AUD) extended its earlier losses against the US Dollar (USD) on Wednesday after the US economy in the third quarter, grew at a faster pace than expected, suggesting the US Federal Reserve’s job is not done.

The Australian Dollar (AUD) continues its winning streak for the fourth successive session despite downbeat seasonally adjusted Retail Sales data from Australia on Tuesday.

Pan Gongsheng, Governor of the People's Bank of China (PBOC), said in a statement on Wednesday, the Chinese central bank “will continue to keep monetary policy accommodative.” Additional quotes China's economy continues to gain momentum.

China's Premier Li Qiang said on Tuesday that Beijing “opposes any form of decoupling and cutting off of supply chains.” Additional quotes “China is willing to build closer supply chain linkages with all countries.” “China will continue to create an international and rule of law-based business environment.” .