The Australian dollar fell against other major currencies in early Asian deals on Monday, as China’s manufacturing PMI contracted more-than-expected in March.
The latest flash PMI from HSBC and Markit Economics revealed that China’s manufacturing PMI came in with a seasonally adjusted score of 48.1.
That’s down from 48.5 in February, and it was well shy of forecasts for 48.7 – and it moves further below the mark of 50 that separates expansion from contraction
The aussie eased to 0.9047 against the greenback, 1.5238 against the euro and 1.0602 against the kiwi, from prior multi-day high of 0.9110, multi-week high of 1.5145 and near 2-week high of 1.0660, respectively.
Pulling away from early highs of 93.06 against the yen and 1.0219 against the loonie, the aussie edged down to 92.56 and 1.0163, respectively.