- 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.