AUD makes a fresh session low

The Australian dollar had a short-lived pop on the China PMI data earlier, this:

• China Caixin / Markit manufacturing PMI for February: 49.9 (expected 48.5)

Its since given that all back and taken a peek under 0.7090.

Earlier Australia-related news and data (lower tier data today only):

• Australia manufacturing PMI (CBA /Markit, February final): 52.9 (prelim was 53.1)
• Australia Manufacturing PMI (Feb): 54.0 (prior 52.5)
• Goldman Sachs like iron ore prices higher in the short term

There has been some NZD buying interest against against the AUd, with some better data from NZ earlier

• New Zealand Building Permits for January: +16.5% m/m (prior +5.1%)

and some not so good:

• New Zealand terms of trade for Q4 2018: -3.0% q/q (expected -1.0%)

The two-word summary of the AUD movement during this session though … 'not much':