The preliminary reading of Australia's Judo Bank Manufacturing PMI rose by 2.1% to 49.4 in November. The Services PMI declined by 1.4% to 49.6, while the Composite PMI fell by 0.8% to 49.4.
In the United States, the Composite PMI rose by 1.2% to 55.3 in November. The Manufacturing PMI improved by 0.3% to 48.8, while the Services PMI rose by 2% to 57 in November.
Business confidence in the US hit a two-and-a-half-year high in November, according to S&P Global.
This week, the USD pared back losses as traders reduced bets of a December rate cut by the Fed after hawkish comments from Fed Chairman Jerome Powell.
On the Aussie’s side, the RBA might bail the pair out as the bank is allegedly considering rate hikes.
加载失败()