3 Feb 2014
AUD/USD opens slightly higher despite economic data
FXstreet.com (Córdoba) - The AUD/USD opened the week with an upside gap, at 0.8766 but failed to rise further and currently is moving toward Friday’s closing price located at 0.8750.
During the weekend the official Chinese PMI for January was released: it fell to 50.5 in line with expectations. A few minutes ago, the Australian PMI showed a decline to 46.7 from 47.6 and the AUD/USD fell slightly.
AUD/USD recovers further from 0.8700
Last Friday, the AUD/USD finished with moderate losses and far from the lows. During the European session fell and bottomed at 0.8693, but rebounded strongly rising reaching 0.8755 on New York trading. The aussie extended the recovery at the beginning of the week, but found resistance below 0.8775/80.
During the weekend the official Chinese PMI for January was released: it fell to 50.5 in line with expectations. A few minutes ago, the Australian PMI showed a decline to 46.7 from 47.6 and the AUD/USD fell slightly.
AUD/USD recovers further from 0.8700
Last Friday, the AUD/USD finished with moderate losses and far from the lows. During the European session fell and bottomed at 0.8693, but rebounded strongly rising reaching 0.8755 on New York trading. The aussie extended the recovery at the beginning of the week, but found resistance below 0.8775/80.