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Australian Dollar Retraces Gains Amid Thin Trading Volumes
Tuesday, 31 December 2024 14:18 WIB | AUD/USD |Dollar Australia,

The Australian Dollar (AUD) remained sluggish against the US Dollar (USD) following the release of mixed NBS Manufacturing Purchasing Managers' Index (PMI) data from China on Tuesday.

As a close trading partner, any fluctuations in the Chinese economy tend to affect the Australian market.

China's official Manufacturing PMI slipped to 50.1 in December, down from 50.3 in the previous reading and below market expectations of 50.3.

Meanwhile, the NBS Non-Manufacturing PMI improved significantly, rising to 52.2 in December from 50.0 in November and beating estimates of 50.2.

Source: FXStreet

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