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China's NBS Manufacturing PMI rises to 49.4 in August, Non-Manufacturing PMI climbs to 50.3

China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 49.4 in August, compared to 49.3 in the previous reading. The reading came in below the market consensus in the reported month. 
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AUD/USD extends the rally to near 0.6550 ahead of China’s Caixin Manufacturing PMI release

The AUD/USD pair extends its upside to near 0.6540 during the early Asian session on Monday. Traders ramp up bets for a US interest rate cut by the Federal Reserve (Fed) in the September meeting, which weighs on the US Dollar (USD).
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