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AUD review: Western Union

  • While many currencies pulled ahead of the greenback, the Aussie dollar largely sat idle after weak data from China weighed. The Aussie eased off its highest level in close to a month after a key gauge of China manufacturing contracted in March, slipping under 50 to 49.2, the weakest in 11 months. 

  • The slower the world's No. 2 economy fares, the more of a headwind it can put on Australia's economy, given the nations' close trade ties. 

  • Meanwhile, the Aussie's recent rebound might make the RBA more inclined to cut rates at a coming meeting to help its export geared economy. The next RBA meeting is set for April 7.

  • Market Data
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