United Kingdom CBI Industrial Trends Survey - Orders (MoM): -25 in Apr from -15 in Mar

The AUD/USD is being pressured on Tuesday following the disappointing China HSBC flash manufacturing PMI, at 50.5 in March, instead of the 51.5 consensus. The cross fell 50 pips from 1.0270 area to be held above 1.0220 during the Asian session. As of writing, however, the market is retracing losses back to 1.0250 for now and despite the disappointing German flash PMI data in April as Italy and Spain are having its lowest yields for their debt of the last 18 months.