The Australian dollar gained against its most liquid peers after mixed economic data released from Australia on Monday. Now, traders wait for manufacturing data from China and the policy decision of the Reserve Bank of Australia due to release tomorrow.
The Australian Industry Group Australian Performance of Manufacturing Index plunged by 4.9 points to 53.4 points in April, remaining above the neutral 50.0 level. The Melbourne Institute Monthly Inflation Gauge increased by 0.1% in April after being flat in March. The business confidence index of National Australia Bank remained relatively stable last month.
AUD/USD climbed from 0.7596 to 0.7644 as of 12:42 GMT today. AUD/JPY advanced from 80.67 to 81.41.
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