China HSBC Manufacturing PMI rises to 51.7 in Mar from 50.4
Mar 21, 2013
Forex: AUD/USD between 1.0350 and 1.04 ahead of China HSBC
The Australian Dollar continues to trade extremely erratic vs the US Dollar, a characteristic that is likely to put off many traders until the picture clears up. After continuous spikes off 1.0340/50 demand, camped sellers just above 1.04 have been also persistently bringing the rate down, resulting on very messy activity in between.
The HSBC Flash China Manufacturing Purchasing Managers’ Index came better-than-expected at 51.7 in March vs 50.4 in February, a two-month high. Flash China Manufacturing Output Index stood at 52.8 vs 50.8 in February, also a two-month high, overall a pretty solid read giving the Australian Dollar a temporary boost.