• The Australian Dollar receives support after the release of China’s Caixin Manufacturing PMI on Thursday.
• China’s manufacturing output in December continued to expand, marking its 14th consecutive month in growth territory.
• The US Dollar Index bounced back to multi-year highs due to the Federal Reserve’s hawkish policy shift.

The Australian Dollar (AUD) gains ground against the US Dollar (USD) after the Caixin Manufacturing Purchasing Managers’ Index (PMI) from China was released on Thursday. As close trade partners, any fluctuations in China’s economy tend to impact Australian markets. Looking ahead, the US weekly Initial Jobless Claims and S&P Global Manufacturing