Australian Dollar Mixed After PMI Releases

Mar 23,2019 01:50   Source:Earnforex

Reverend John Flynn on Australian 20-dollar billThe Australian dollar was mixed, falling against some rivals but gaining on the euro. Markit released PMIs for manufacturing and services industries today, which were not particularly good.

The Commonwealth Bank Flash Manufacturing PMI dropped to 52.0 in March from 52.9 in February, demonstrating a slower rate of expansion. The Commonwealth Bank Flash Services Business Activity Index rose to 49.8 from 48.7. The index remained slightly below the neutral 50.0 level, meaning that the sector continued to contract, just with slower pace.

AUD/USD dropped from 0.7111 to 0.7098 as of 13:10 GMT today. At the same time, EUR/AUD declined from 1.5986 to 1.5921.

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