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> USD continues to tick higher in Asia trade - AUD a big loser
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USD continues to tick higher in Asia trade - AUD a big loser

Eamonn Sheridan
Eamonn Sheridan
Tuesday, 30/04/2024 | 03:18 GMT
30/04/2024 | 03:18 GMT
  • 0

The USD is gaining across the majors board. AUD is notably a poor performer, not helped by more subdued official Chinese PMI data today:

China April 2024 Official Manufacturing PMI 50.4 (expected 50.3) Services 51.2 (exp 52.2)

  • Somewhat offset by better unofficial PMI data:
  • China April Caixin manufacturing PMI 51.4 (expected 51.0)

But the really bad news was very poor retail sales data in Australia:

  • Australian March 2024 Retail Sales -0.4% m/m (expected +0.2%)

AUD/USD update:

aud retail sales slump 30 April 2024 2
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