The Australian Dollar is reacting to a fresh round of economic data to start Monday’s session after an abysmal performance last week. Markit Economics released PMI data this morning, which shows the Australian economy continuing to struggle amid ongoing lockdowns across the country. Services PMI remained in contractionary territory at 43.3. Manufacturing PMI dropped to 51.7, indicating a slower rate of expansion. Australia’s downbeat PMI figures will likely keep the currency pinned down. AUD was the worst-performing G10 currency last week, dropping just over 3% versus the US Dollar. The New Zealand Dollar was a close ... (full story)