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Australian Dollar steadies after stronger-than-expected China’s Manufacturing PMI

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The Australian Dollar (AUD) holds ground as the Caixin Manufacturing PMI from China increased to 51.8 in June, defying the expectations of a decline to 51.2 from May’s 51.7.

The Australia n Dollar halts its losses after the release of the higher-than-expected China’s Manufacturing PMI. Australia ’s Manufacturing PMI dropped for the fifth consecutive month to 47.2 in June. The US Dollar declines as recent inflation data raises the odds of the Fed’s rate cuts in 2024. The Australia n Dollar holds ground as the Caixin Manufacturing PMI from China increased to 51.8 in June, defying the expectations of a decline to 51.2 from May’s 51.7.

AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.32% -0.09% 0.11% 0.01% 0.00% -0.05% 0.10% EUR 0.32% -0.00% 0.14% 0.03% 0.21% -0.03% 0.12% GBP 0.09% 0.00% 0.12% 0.04% 0.22% -0.03% 0.12% JPY -0.11% -0.14% -0.12% -0.12% -0.06% -0.16% 0.01% CAD -0.01% -0.03% -0.04% 0.12% 0.03% -0.07% 0.

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