Australian dollar holds amid focus on coronavirus news
Economies.com
2021-03-24 16:18PM UTC
The Australian dollar held against most currencies on Wednesday, despite the release of upbeat economic data, as commodity currencies were weighed down by negative news about the coronavirus.
Most countries around the globe are trying to contain the Covid-19 pandemic with vaccination campaign and re-imposing lockdown restrictions to stop its spread.
The Australian manufacturing PMI rose slightly to 57 points in February from 56.9 in January.
Australian services PMI rose to 56.2 points in February from the 53.4 in January.
As of 16:16 GMT, AUD/USD held at 0.7623, after hitting a high of 0.7635 and a low of 0.7584.
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