Australian Dollar moves above a major level on tepid US Dollar, US PMI, FOMC Minutes eyed
The Australian Dollar (AUD) grapples to maintain its position above a major level at 0.6750 on Wednesday amid a tepid US Dollar (USD).
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The Australian Dollar (AUD) grapples to maintain its position above a major level at 0.6750 on Wednesday amid a tepid US Dollar (USD).
China's Caixin Manufacturing Purchasing Managers' Index (PMI) increased slightly to 50.8 in December, compared with November’s expansion of 50.7, according to the latest data released on Tuesday.
The Australian Dollar (AUD) lingers near 0.6820 on Tuesday after a rebound on Friday.
AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone.
The Australian Dollar (AUD) retraces its recent losses on Friday, benefiting from a weakened US Dollar (USD).