Poor Chinese Economic Data Overshadows Australian Reports, Dragging Aussie Down

Feb 28,2019 21:44   Source:Earnforex
The Australian dollar fell on Thursday and was one of the weakest currencies on the Forex market during the trading session. While domestic macroeconomic data was decent for the most part, poor reports from China and risk aversion on markets dragged the currency down. China’s official manufacturing Purchasing Managers’ Index fell to 49.2 in February from 49.5 in January, moving further away from the neutral 50.0 level. Economists had expected it to stay […]

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