The Australian Dollar posted minuscule gains on Wednesday against the US Dollar, after the release of the Federal Reserve’s January meeting minutes emphasized policymakers remain hesitant to begin to ease policy.
The AUD/USD opened the Asian session virtually unchanged, but on Tuesday registered decent gains of 0.14%, bracing at around the 200-day moving average (DMA) at 0.6578.
Australia's Judo Bank Purchasing Managers' Index (PMI) showed a welcome rebound in the PMI Manufacturing component, hitting an 11-month high of 50.3 and helping to drag the Composite PMI Output Index to a four-month high of 48.1 versus December's print of 46.9.
Australia s Judo Bank Composite PMI for November declines to 46 4 vs October s 47 6, a 27-month low fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Flash PMI: Australian economy contracting macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.