Aussie edges up after positive services data

The Australian dollar rose on Friday, after the release of positive data that showed continued improvement in the services sector.

Investors are focusing on the latest developments in the ongoing talks about the US second Covid-19 aid deal

The US House of Representatives Speaker Nancy Pelosi stated that progress was made during negotiations with the White House and they're "just about there" on reaching the second Covid-19 stimulus deal.

The last election debate between the US two presidential candidates Donald Trump and Joe Biden concluded yesterday, and was full of mutual accusations few days before the election.

Data showed today that Australia's services PMI rose to 53.8 points in October vs. 50.8 in September, while the manufacturing PMI fell to 54.2 vs. 55.4.

As of 18:23 GMT, AUD/USD rose 0.1% to 0.7127, after hitting a high of 0.7159 and a low of 0.7100.