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:
AUD/USD update:
