IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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The Australian dollar has steadied but it won't remain that way for long
The Australian dollar came under modest selling pressure on Friday, although it retained most of the strong gains achieved earlier in the week. However, the release of a reasonable China services PMI report over the weekend has seen the Aussie push higher against most of the major crosses in early trade on Monday. Here’s the scoreboard at 8.15am in Sydney. table The resilience in the Aussie on Friday came despite the release of a weak China manufacturing PMI report for January, ensuring concerns over the health of China’s industrial sectors remained elevated ahead of Lunar New Year holidays. The Aussie also ... (full story)
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