The Australian dollar remains above 93 US cents, boosted by better than expected Chinese manufacturing figures.

At 0700 AEST on Monday, the local currency was trading at 93.10 US cents, up from 93.07 cents on Friday.

China’s manufacturing activity strengthened to a five-month high in May, a third consecutive month of improvement.

Monday is expected to be a busy day for the Australian dollar with the release of data that helps to make up gross domestic product – business indicators and building approvals.

Monthly inflation, manufacturing and house price figures will also be released.

National Australia Bank global co-head of FX strategy Ray Attrill said the Australian dollar was expected to trade between 92.80 and 93.30 US cents on Monday.

“The latest falls in iron ore and gold prices will be vying for the attention of Australian dollar traders today with the rise in the China official purchasing managers’ index released Sunday,” he said.

AAP