AUD/USD trades flat at 0.7020 as the pair absorbs weak PMI data, with the Australian Dollar finding support amid broader market consolidation.
AUD/USD holds steady around 0.7020 after weak PMI data, with RBNZ rate hike bets providing support.
The AUD/USD pair maintains a stable position near 0.7020 during Friday's early European session. Despite softer preliminary S&P Global PMI figures, the Australian Dollar shows resilience as market participants weigh regional economic indicators.
The pair is reacting to preliminary S&P Global PMI data, which showed weakness, yet the currency has managed to hold its ground near 0.7020.