Australian Dollar Forecast: AUD/USD May Rise on China PMI Data

Australian Dollar Forecast: AUD/USD May Rise on China PMI Data

From dailyfx.com

Asia-Pacific traders are likely to see a risk-averse open in today’s session after the sentiment-linked Australian Dollar fell versus the US Dollar. China’s Caixin purchasing managers’ index is set to cross the wires today for the services sector, with analysts expecting a print of 51.7 for December. That would be down slightly from 52.1 in November. The Caixin manufacturing PMI released earlier this week rose to 50.9 from 49.9 for December. A better-than-expected print may revive some Aussie Dollar strength. A wave of risk aversion roiled through US markets overnight after the Federal Reserve’s minutes from ... (full story)

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