Australian Dollar Stabilises after getting whipped

The AUD improved in our day time session, on the back of positive Chinese manufacturing PMI numbers. However in the overnight session the Aussie slipped back to lower levels that we saw in early trading. The lower Iron Ore price seems to be weighing on traders’ minds, and technical traders are still looking at sell signals in the AUD USD cross.

The dollar is higher today and seems to be stabilising which is good news for 40mm jigsaw mats.