China’s Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in March, compared to 49 in February, according to the latest data published by the National Bureau of Statistics (NBS) on Tuesday.
The GBP/USD pair stages a modest recovery from the 1.3160-1.3155 area, or over a four-month trough touched during the Asian session this Tuesday, and for now, seems to have snapped a five-day losing streak.
China NBS Manufacturing PMI registered at 50.4 above expectations (50.1) in March
China NBS Non-Manufacturing PMI registered at 50.1 above expectations (49.9) in March
Japan Large Retailer Sales remains at 3% in February
Australia Private Sector Credit (YoY): 7.8% (February) vs 7.7%
Australia Private Sector Credit (MoM) meets expectations (0.6%) in February
The Reserve Bank of Australia (RBA) published the Minutes of its March monetary policy meeting this Tuesday, which showed that board members agreed that further tightening would likely be needed.
AUD/USD halts its five-day losing streak, trading around 0.6860 during the Asian hours on Tuesday. The pair advances as the Australian Dollar (AUD) receives support after the Reserve Bank of Australia released its March Meeting Minutes.
The USD/JPY pair builds on the previous day's late rebound from the 159.35-159.30 area and gains some positive traction during the Asian session on Tuesday.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9194 compared to the previous day's fix of 6.9223 and 6.9209 Reuters estimate.
New Zealand ANZ Business Confidence fell from previous 59.2 to 32.5 in March
