Australian Dollar Mixed Despite Support from Economic Data

The Australian dollar was mixed on Thursday despite very positive macroeconomic data, both from Australia and abroad. News from China was especially good as the services sector was expanding with the fastest pace in several years.

The Caixin China General Services PMI jumped from 51.9 in November to 53.9 in December, while economists had expected it to stay about the same. It was the highest level since August 2014.

Data from Australia was not as impressive, but it was still positive as the Australian Industry Group Performance of Services Index ticked up from 51.7 to 52.0 in December.

AUD/USD edged up a bit from 0.7833 to 0.7839 as of 12:48 GMT today. At the same time, AUD/CHF edged down to 0.7643 from the opening of 0.7652 after touching the daily high of 0.7673.

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