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Australian Dollar Mixed After Macroeconomic Data

May 31, 2018 at 9:52 by Vladimir Vyun

Various Australian dollar notesThe Australian dollar was mixed today, rising against some rivals and falling versus others. Macroeconomic data was mixed as well, giving the currency no clear direction.

Private capital expenditure rose 0.4% in the March quarter from the previous three months, two times slower than analysts had predicted — 0.8%. Private sector credit rose 0.4% in April from March, matching expectations. The China Federation of Logistics and Purchasing reported that the manufacturing Purchasing Managers’ Index rose from 51.4 to 51.9 in May, whereas experts had predicted no change, and the non-manufacturing PMI was little changed at 54.9, matching forecasts.

AUD/USD rose from 0.7564 to 0.7578 as of 9:46 GMT today. EUR/AUD gained from 1.5389 to 1.5430.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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