AUD/USD recaptures 0.6800 though stays donward pressured on a mixed mood By christianborjon AUDUSD Majors Manufacturing UnitedStates Macroeconomics
round, and is closing to the 0.6800 figure. At 0.6821, the AUD/USD stays depressed and ready to finish the week with substantial losses of 2%.Sentiment has improved as Friday’s session begins to wane. US equities pare earlier losses except for the heavy-tech Nasdaq, falling 0.19%, after slowing on a weaker than expected US ISM manufacturing data, which expanded though reached a two-year low, as new orders shrank.
In the meantime, Timothy R. Fiore, Chair of the Institute for Supply Management, commented on the report that the manufacturing sector is being “powered” by demand while has been “held back by supply chain constraints.” Furthermore, the employment index, despite contracting, shows progress, according to the survey. Prices eased for the third month in a row while new orders fell.
During the Asian session, AUD/USD traders took cues from Australia S&P Global Manufacturing PMI, which came at 56.2, higher than foreseen, capping the AUD/USD fall. Late in the session, China’s Caixin Manufacturing PMI rose to 51.7 for June versus 50.1 expected and 48.1 prior.
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