AUD/USD popped a little higher on the Chinese PMIs and the batch of Australian data

<p>China's manufacturing PMI improved in August but remains in contraction. Baby steps for this data series it seems:</p><ul><li><a href="https://www.forexlive.com/news/china-august-manufacturing-pmi-497-vs-expected-492-20230831/" target="_blank" rel="follow" data-article-link="true">China August Manufacturing PMI 49.7 (vs. expected 49.2)</a></li></ul><p>There was some data from Australia also, the capex data was especially encouraging. Supply chain snarl easing greased the wheels for a boost to business investment:</p><ul><li><a href="https://www.forexlive.com/centralbank/australian-data-private-sector-credit-in-july-03-mm-from-03-in-june-20230831/" target="_blank" rel="follow" data-article-link="true">Australian data – Private sector credit in July +0.3% m/m from +0.3% in June</a></li><li><a href="https://www.forexlive.com/news/australian-data-q2-capex-headline-rose-28-vs-12-expected-20230831/" target="_blank" rel="follow" data-article-link="true">Australian data – Q2 Capex headline rose 2.8% vs. +1.2% expected</a></li></ul><p>AUD/USD popped a few points, NZD/USD up also:</p>

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