24 Mar 2015
AUD/USD hovering around 0.7900
FXStreet (Córdoba) - AUD/USD managed to recover after falling during the Asian session affected by Chinese economic data. A weak US dollar across the board pushed the pair to the upside.
Recently it printed a fresh 3-week high at 0.7904 and currently is hovering around 0.7900. Earlier bottomed at 0.7834, following the release of the Chinese HSBC PMI manufacturing index that fell more than expected in March, to 49.2; analysts were expecting a reading above 50.0.
During the European session greenback weakened across the board as Eurozone PMI index showed better-than-expected numbers and AUD/USD was able to erase losses.
Currently is trading slightly higher, rising for the third day in a row and accumulating a gains of more than 250 pips since last Friday.
Recently it printed a fresh 3-week high at 0.7904 and currently is hovering around 0.7900. Earlier bottomed at 0.7834, following the release of the Chinese HSBC PMI manufacturing index that fell more than expected in March, to 49.2; analysts were expecting a reading above 50.0.
During the European session greenback weakened across the board as Eurozone PMI index showed better-than-expected numbers and AUD/USD was able to erase losses.
Currently is trading slightly higher, rising for the third day in a row and accumulating a gains of more than 250 pips since last Friday.