Aussie Gains Ground, Overcoming PMI Weakness on China’s Rate Cut Boost

Australian Dollar managed to climb modestly in a quiet Asian trading session today, despite underwhelming PMI data from Australia. With Japan on holiday, the session saw limited movement, but risk-on sentiment helped offset some of the negative impact from the weak data. In contrast, Yen and Swiss Franc extended their recent declines. Overall, the markets […] The post Aussie Gains Ground, Overcoming PMI Weakness on China’s Rate Cut Boost appeared first on Action Forex.