AUD/USD keeps gains near 0.7135 after strong China PMI data. Traders eye the first election debate between Presidential Trump and Joe Biden. The China-sensitive Aussie dollar is struggling to cheer the better-than-expected China data released soon before press time. China’s NBS or government Manufacturing PMI, which focuses on state-owned enterprises with easy access to credit, rose to 51.5 in September from 51 in August, beating the estimate of 51.2. Meanwhile, the NBS Non-Manufacturing PMI, increased to 55.9 in September from 55.2 in August, bettering the forecast of 52.1 by a big margin. A reading above 50 indicates expansion. In other words, growth in both the manufacturing and non-manufacturing sectors gathered pace in September. So far, however, that has failed to put a bid under the Aussie dollar. AUD/USD is trading near 0.7135 – the level seen ahead of the release of the Aussie data – having hit a high of 0.7150 early Wednesday. The pair’s inability to capitalize on the strong China data could be attributed to caution ahead of the Presidential debate, which kicked off soon before press time. Comments from President Trump and Democrat candidate Joe Biden could now move the AUD/USD pair and FX markets in general. Also, Caixin Manufacturing PMI, due in 30 mins, could influence the pair. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets yuan reference rate at 6.8101 FX Street 2 years AUD/USD keeps gains near 0.7135 after strong China PMI data. Traders eye the first election debate between Presidential Trump and Joe Biden. The China-sensitive Aussie dollar is struggling to cheer the better-than-expected China data released soon before press time. China's NBS or government Manufacturing PMI, which focuses on state-owned enterprises with easy access to credit, rose to 51.5 in September from 51 in August, beating the estimate of 51.2. Meanwhile, the NBS Non-Manufacturing PMI, increased to 55.9 in September from 55.2 in August, bettering the forecast of 52.1 by a big margin. A reading above 50 indicates expansion. In other… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
