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AUD/USD higher after the Chinese Manufacturing PMI beat

Eamonn Sheridan
01/06/2023 | 01:56 GMT

The improved Chinese PMI data is here:

  • China Caixin Manufacturing PMI for May: 50.9 (expected 49.5)

The solid performance was sort of a double surprise given the awful official PMI data published yesterday:

  • ForexLive Asia-Pac FX news wrap: China’s Manufacturing PMI slides further into contraction

The Australian dollar is testing its earlier high after the data:

audusd china may 2023 caixin pmi

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