The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum.
The manufacturing index of Australian Industry Group slipped by 3.1 to 44.8 in April. The Commodity Index fell by about 12.5 percent in April from a year ago. China’s Manufacturing Purchasing Managers’ Index rose a little from 50.3 in March to 50.4 in April but was still below the median forecast of 50.5.
AUD/USD was at about 0.9281 as of 9:41 GMT today after rising from 0.9286 to 0.9311 earlier. AUD/JPY slid from 94.93 to 94.82.ay
If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.
