Aussie Retreats After Rally Caused by China’s Economic Data

Mar 01,2019 21:07   Source:Earnforex
The Australian dollar rallied today, boosted by better-than-expected macroeconomic data for China. Domestic data was supportive as well. Yet that did not prevent the currency from reversing its gains later as it moved below the opening level against most major peers. The Caixin China Manufacturing Purchasing Managers’ Index climbed to 49.9 in February from 48.3 in January. It was “only fractionally below the neutral 50.0 mark.” Analysts […]

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