USD continues to tick higher in Asia trade - AUD a big loser ...Middle East

The USD is gaining across the majors board. AUD is notably a poor performer, not helped by more subdued official Chinese PMI data today:China April 2024 Official Manufacturing PMI 50.4 (expected 50.3) Services 51.2 (exp 52.2)Somewhat offset by better unofficial PMI data:China April Caixin manufacturing PMI 51.4 (expected 51.0)But the really bad news was very poor retail sales data in Australia:Australian March 2024 Retail Sales -0.4% m/m (expected +0.2%)AUD/USD up This article was written by Eamonn Sheridan at www.forexlive.com.

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