The Australian Dollar (AUD) aims to trade in the positive territory on Tuesday, extending its gains for the second successive day. The AUD/USD pair re
Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US Treasury yields is weighing on the Greenback. ceives upward support due to the correction in the US Dollar , which could be attributed to the downbeat US Treasury yields.
Market participants will closely monitor the US S&P Global PMI on Tuesday, the Q3 Gross Domestic Product on Thursday, and the Core Personal Consumption Expenditures on Friday. The attention will also be focused on the RBA Governor Bullock's speech and the Consumer Price Index . Technical Analysis: Australian Dollar hovers below 14-day EMA lined up with 0.6350 major level The Australian Dollar hovers around 0.
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