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Australian Dollar flat lines above 0.7150 vs USD after Aussie trade data, China PMI
The AUD/USD pair struggles to capitalize on the previous day's bounce from the 0.7120 region, or a nearly two-week low, and oscillates in a range during the Asian session on Thursday.
China’s RatingDog Services PMI jumps to 51.4 in August, vs. 50.6 expectedÂ
China's Services Purchasing Managers' Index (PMI) climbed to 51.4 in August from 50.4 in July, the latest data published by RatingDog showed on Thursday. This figure came in stronger than the market expectations of 50.6.Â
China RatingDog Services PMI above forecasts (50.6) in August: Actual (51.4)
China RatingDog Services PMI above forecasts (50.6) in August: Actual (51.4)
Australia Trade Balance (MoM) registered at 1.923M, below expectations (1390M) in July
Australia Trade Balance (MoM) registered at 1.923M, below expectations (1390M) in July
Australia Imports (MoM) down to -2.5% in July from previous -0.2%
Australia Imports (MoM) down to -2.5% in July from previous -0.2%
Australia Exports (MoM) declined to -3.3% in July from previous 9.6%
Australia Exports (MoM) declined to -3.3% in July from previous 9.6%
Australia’s Trade Balance shows a surplus of 1,923M MoM in July, vs. 1,390 expected
Australia's Trade Balance narrowed to A$1,923M MoM in July, followed a surplus of 1,929M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for a surplus of A$1,390M.Â
PBOC sets USD/CNY reference rate at 6.7807 vs. 6.7829 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7807 compared to the previous day's fix of 6.7829 and 6.7167 Reuters estimate.
British Pound consolidates near three-week low as Fed bets and Iran tensions support USD
The GBP/USD pair consolidates below the 1.3500 psychological mark during the Asian session on Thursday and remains close to a three-week low, touched the previous day.
New Zealand ANZ Commodity Price up to -0.4% in August from previous -3.9%
New Zealand ANZ Commodity Price up to -0.4% in August from previous -3.9%
Japan Jibun Bank Services PMI came in at 52.5, above expectations (52.3) in August
Japan Jibun Bank Services PMI came in at 52.5, above expectations (52.3) in August
Hong Kong SAR S&P Global PMI dipped from previous 51Â to 49.5 in August
Hong Kong SAR S&P Global PMI dipped from previous 51Â to 49.5 in August
Euro steadies below 1.1600 as hawkish Fed rhetoric limits gains
The EUR/USD pair holds steady near 1.1590 during the early Asian session on Thursday. The potential upside for the major pair might be limited amid hawkish Federal Reserve (Fed) expectations and escalating conflict in the Middle East.