AUD/USD little lower

AUD/USD is trading at 0.7723, down 0.0021. The NAB Quarterly Business confidence survey came out at 0 vs +2 in the 4th quarter. Current conditions were + 2 versus +5. Lots of chatter is making the rounds about the Chinese April PMI came that came out at a 12 month low of 49.2 versus 49.6 in March.
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