AUD/USD Range-Bound After Trade Data and China's PMI Misses Mark

The Australian Dollar is trading in a tight range above 0.7100 after the release of trade and China's RatingDog Services PMI data.

Australia reported a July trade surplus of A$1,923 million, below the revised prior month's surplus but above market expectations of A$1,390 million.

China's RatingDog Services PMI rose to 51.4 in August from 50.4, topping forecasts of 50.6, but had limited impact on AUD/USD.