Aussie rose slightly ahead of the Australian GDP data

The Australian dollar edged higher in early Asian trading session on Wednesday as investors look forward to the Australian GDP data for the second quarter.

AUD / USD was trading at 0.7028, up about 0:18%, while the USD / JPY move the range 120.32, up about 0.83%, and the EUR / USD is around 1.1268 level, down by 0,42%.

Australian GDP data will be released at 08.30 GMT, is expected to show a gain of 0.4% at a quarterly rate.

Overnight, the dollar weakened against other major currencies after data showed manufacturing activity in the US expanded at the slowest pace in more than two years in August as well as investors also worried about the prospects for growth in China.

In a separate report, Markit said that the final reading of the manufacturing index fell to 51.1 from 52.7 in July. It was the worst reading since May 2013 and is in bawas analyst projections for a reading of 52.6 level.

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