The Australian dollar jumped today against its peers, getting help from the good service sector data released in China during the current trading session.
The seasonally adjusted Caixin China General Services Business Activity Index registered 52.8 in May, up from 51.5 in April. The sector demonstrated the fastest pace of growth since January. It allowed the Aussie to rise, ignoring Australia’s unimpressive macroeconomic reports and the drop of crude oil prices.
AUD/USD rallied from 0.7423 to 0.7469 as of 11:42 GMT today, touching the high of 0.7486 intraday. EUR/AUD dropped from 1.5178 to 1.5050.
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