The Australian dollar gets a boost from China
In February, China's manufacturing PMI rose at the fastest rate in a decade.
In February, China's manufacturing PMI rose at the fastest rate in a decade. The index's performance beat expectations, rising to 52.6 after quarantine restrictions in the country were removed. China's increased manufacturing is good for Australia as the country is one of China's major trade partners. The AUD/USD pair will likely continue to rise.
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