Published: 2024-01-02T05:38:30.000Z
AUD/USD flows: Supported by higher comodity pirce and better China private manufacturing data
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Commodity prices underpinned in the new year
Private Chinese Manufacturing showing better picture than official
The Chinese Caixin (Private) Manufacturing Monthly PMI showed a beat of estimate at 50.8, better than the official PMI released over the weekend that shows a further contraction. The Aussie is supported by higher commodity price on heightened geopolitical tension and "better" Chinese data, including domestic demand in traveling throughout the new year.
AUD/USD is trading 0.23% higher at 0.6827 as the sole winner within major peers against the USD.