AUD has popped a little on the marginal improvement for China's manufacturing PMI

<p>A couple of AUD-relevant data points:</p><ul><li><a href="https://www.forexlive.com/centralbank/china-official-july-manufacturing-pmi-493-vs-expected-492-services-515-20230731/" target="_blank" rel="follow" data-article-link="true">China official July Manufacturing PMI 49.3 (vs. expected 49.2) &amp; Services 51.5</a></li><li><a href="https://www.forexlive.com/centralbank/australian-data-june-private-sector-credit-02-mm-expected-04-prior-04-20230731/" target="_blank" rel="follow" data-article-link="true">Australian data – June Private Sector Credit +0.2% m/m (expected 0.4%, prior 0.4%)</a></li></ul><p>The headline to this post could well be a bit of a stretch, yes the manufacturing PMI improved a touch. But its still in contraction and the non-manufacturing PMI dropped on the month. </p><p>The manufacturing PMI has been under 50 now for 4 straight months. Perhaps there will be a boost for China alter:</p><ul><li><a href="https://www.forexlive.com/news/china-to-announce-more-stimulus-measures-on-monday-beijing-time-20230730/" target="_blank" rel="follow" data-article-link="true">China to announce more stimulus measures on Monday, Beijing time</a></li></ul><p>This has been AUD supportive for the session so far. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.