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fxAug 3, 2026, 2:22 AM

AUD/USD Eases After China PMI-Inspired Bullish Gap, Stays Above 0.7030

The Australian dollar initially jumped against the US dollar following stronger Chinese manufacturing PMI, but later gave back some gains, though kept trading around 0.7030.

AUDUSD

The Australian dollar strengthened early in the Asian session after China reported a strong RatingDog Manufacturing PMI reading, boosting sentiment for the growth-linked currency.

AUD/USD opened with a bullish gap, but later depreciated from those highs. The pair still held in positive territory, trading near the 0.7030 level during the morning hours.

No further details were provided on the extent of the decline, but the pullback suggests traders may have taken profits after the initial spike.

Source: FXStreet Forex News