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Breaking Posted 2 hours ago

Australia Services PMI signals economic momentum shift

News
S&P Global Australia Services PMI released; measure tracks service-sector activity and employment. AUD/USD and AUD crosses respond to growth signals, with implications for RBA rate expectations. Matters to traders monitoring commodity-linked currency positioning amid broader USD weakness narrative.
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Latest Updates

2 hours ago

Australia July Composite PMI rises to 53.2; Services at 53.6

Australia's final July Composite PMI expanded to 53.2 from 52.6, with Services PMI climbing to 53.6 from 53.0, signaling continued economic growth. PMI readings above 50 indicate expansion. AUD/USD and AUD pairs may respond to this positive data, though market focus remains on Fed dovishness and USD weakness.

https://x.com/FirstSquawk/status/2084776828343079268
2 hours ago

Australia PMI Composite rises to 53.2; Services at 53.6

Australia's S&P Global PMI Composite jumped to 53.2 in July from 52.6, with Services PMI rising to 53.6 from 53.0, signaling accelerating activity. AUD/USD and AUD crosses may respond, though market focus remains on Fed dovish pivot and USD weakness; this regional data carries secondary weight.

https://x.com/LiveSquawk/status/2084777958489677954
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