Published: 2024-03-01T07:13:42.000Z
AUD/USD flows: Positive sentiment reverberates
FX Analyst
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Risk sentiment broadly positive
Chinese official manufacturing PMI stays in contraction when private beats
China February Manufacturing PMI stays in contraction five months in a row at 49.1while CAIXIN (private) PMI beats estimate of 50.6 to be at 50.9, while official non-manufacturing PMI also beat estimate of 50.9 to arrive at 51.4. yet, the overall positive report does not entertian Chinese equities as they take a breather after Thursday's strong gain.
Global equities are broadly positive and see the AUD/USD being supported to 0.6508, 0.17% higher for the session.