India, March 24 -- The Australian dollar strengthened against other major currencies in the Asian session on Monday, after data showed that the manufacturing sector in Australia continued to expand in March, and at a faster pace.
Data from the S&P Global showed that the manufacturing sector in Australia continued to expand in March, and at a faster pace, with a manufacturing PMI score of 52.6.
That's up from 50.4 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
The survey also showed that the services PMI improved to 51.2 from 50.8 in the previous month, and the composite PMI went up to 51.3 from 50.6 a month earlier.
Some analysts predict the Reserve Bank of Australia (RBA) ...