Forex - Aussie trading weaker ahead of the data from the China PMI

The Australian dollar is performing poorly on the eve of key data from China. Australian currency is highly dependent on the economic development of China as the top destination for exports of raw materials.

AUD / USD was trading at levels of 0.7075, a decline of 21% and USD / JPY changed hands at 120.03, down by 0.10%.

US Dollar Index, which measures the strength of the greenback against a basket of six major currencies, was up 0.03% to 96.53.

The dollar continued to rise against other major currencies in quiet trading early today, volumes are expected to remain weak, as there were no major US data to be moved, as the greenback remained supported by hopes of an imminent rise in interest rates USA.

Dennis Lockhart, president of the Federal Reserve Bank in Atlanta in its statement hinted that the US central bank is still likely to raise short-term interest rates this year.

Investors are waiting for the speech of Fed Chairman Janet Yellen later in the week for further clarity on the bank's decision last week to leave interest rates on hold.

Markets in Japan remained closed through today for the national holiday.

E.Dimitrov JrTrader