Dollar awaits China data to gauge global growth pulse
Updated : April 30, 2019 06:38 AM IST
China’s official purchasing management index (PMI) is forecast to hold at 50.5 in April after bouncing in March in what analysts hoped was evidence that policy stimulus was gaining traction in the economy.
A solid report could support risk assets and currencies leveraged to Chinese growth, including the Australian dollar, while pressuring the safe-haven yen.
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