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The Australian Dollar (AUD) registers minuscule losses against the US Dollar (USD) as Thursday’s Asian session begins; on Wednesday, the pair ended the session virtually unchanged, closing below the 0.6600 figure on upbeat US economic data.
The Australian Dollar (AUD) loses its ground for the second successive day on Thursday.
The AUD/USD is virtually unchanged during the North American session, although the US economy grew at a faster pace than expected.
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.