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AUD/USD Extends Recovery as China Caixin PMI Follows Official Gauge Footsteps

Monday, 2 December 2019 09:49 WIB Aussie Dollar Australia, AUD/USD,

With the recently upbeat data from China, AUD/USD extends the pullback from multi-week low to 0.6775 during Monday’s Asian session. China’s November month Caixin Purchasing Managers’ Index (PMI) rose past-51.4 forecast and 51.7 prior to 51.8. The data follows upbeat official manufacturing prints from Australia’s largest customer. During the weekend, China released official readings of its November month Manufacturing PMI. The key activity gauge surged to 50.2, the highs since April, regained its stage in the expansion territory following many months of being below 50.0. Aussie buyers cheered the data from its largest customers while ignoring unimpressive prints of second-tier Australian...

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U.S. Dollar Treads Water in Holiday-Thin Trade

Friday, 29 November 2019 23:28 WIB DOLLAR

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Energy

U.S. oil futures post biggest weekly rise since June
Saturday, 7 December 2019 03:13 WIB
Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the

Precious Metals

Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB
Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a

CURRENCIES

The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of

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