Market Overview

AUD/USD Higher, Australian Service PMI Falls

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AUD/USD is trading at 0.7595, up 0.0045.

The pair is trading just under the session highs. Market chatter about headline news and comments from policy makers is making the rounds.

The Australian Industry Group (AIG) services PMI (purchasing managers survey) fell to 45 in August from 53.9 in July. The Melbourne Institute inflation gauge for August edged up 0.2 percent from July's decline of 0.3 percent.

The Reserve Bank of Australia (RBA) meets Tuesday and is scheduled to release a statement and interest rate decision at 12:30 a.m. ET.

Posted-In: AUD/USD Australian dollarFutures Forex Markets

 

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