The Australian dollar eased in early trade in Asia on Monday ahead of
data on China's manufacturing sector expected to confirm a soft phase.
AUD/USD traded at 0.7760, down, 0.07%, while USD/JPY changed hands at 117.08, down 0.35%. EUR/USD traded at 1.1311, up 0.22%.
In China, the HSBC January manufacturing PMI us due at 0945 local time with a reading of 49.8 expected, the same as December. Japan also reports its manufacturing PMI for January with 52.1 expected.
At the weekend, China said January CFLP manufacturing PMI fell to 49.8 from 50.1 in December, placing it in contraction even as the timing of the Chinese
New Year holiday this year relative to last should have boosted the January reading.
Last week, the U.S. dollar was mostly lower against its major counterparts on Friday, as investors reacted to data showing the U.S. economy grew less than expected in the fourth quarter.
Read more Click here / www.trade4x.net
In China, the HSBC January manufacturing PMI us due at 0945 local time with a reading of 49.8 expected, the same as December. Japan also reports its manufacturing PMI for January with 52.1 expected.
At the weekend, China said January CFLP manufacturing PMI fell to 49.8 from 50.1 in December, placing it in contraction even as the timing of the Chinese
New Year holiday this year relative to last should have boosted the January reading.
Last week, the U.S. dollar was mostly lower against its major counterparts on Friday, as investors reacted to data showing the U.S. economy grew less than expected in the fourth quarter.
Read more Click here / www.trade4x.net
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