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China PMI data lifts output indexes, but AUD/USD falls

Despite manufacturing and non-manufacturing PMI readings above the prior month, AUD/USD was quoted down 0.3% at 0.6968 at the time of the update.

Reported · Written up by our desk · Major Pairs

China’s National Bureau of Statistics reported that the country’s manufacturing PMI rose to 50.1 in September from 49.8 in August, while the non-manufacturing PMI increased to 50.2 from 49.0 in August, versus 49.3 expected, according to FXStreet.

The mixed PMI package had limited impact on the China-proxy Australian dollar, FXStreet said, as AUD/USD was down 0.3% at 0.6968 at press time.

FXStreet attributed AUD moves to factors beyond the PMI prints, including Australian inflation data, the interest rate level set by the Reserve Bank of Australia, and the role of iron ore prices and overall market risk sentiment.

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