The Australian Dollar doesn’t care about statistics. Overview for 30.04.2019
AUDUSD paid no attention to the numbers from China; right now, the pair is barely moving.
The Australian Dollar is looking stable against the USD on Tuesday. The pair hasn’t been able to continue the growth that started earlier, but it might be just a question of time. The current quote for the instrument is 0.7053.
In the morning, China reported on the Manufacturing PMI and the Non-Manufacturing PMI in April. Both reports were forecasted to improve (50.7 and 55.0 points respectively) and both of them turned out to be worse than expected. The first report showed 50.1 points after being 50.5 points in March, while the second one decreased down to 54.3 points after being 54.8 points in the same month.
So far, the readings are above the psychologically-crucial level of 50 points, which indicates the border between growth and decline. Components of both reports show that new orders are increasing, but a bit slower than before. It’s not quite good for the Aussie, but not very critical as well.
At the same time, the USD is under pressure right now in anticipation of the US Federal Reserve meeting, which is scheduled to start today.
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