Tuesday, 10 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD Hits Fresh Session High on Above-Forecast China Caixin Manufacturing PMI
Monday, 1 April 2019 09:27 WIB | CURRENCIES |AussieDolar Australia,AUD/USD,

AUD/USD hit a fresh session high of 0.7127 a few minutes ago, possibly in response to better-than-expected China data.

Caixin manufacturing PMI, which surveys the small and medium-sized export-oriented units, ticked higher to 50.8 in March, beating the expected reading of 49.9 by a big margin.

The return to expansionary territory (50) may alleviate concerns of a deeper slowdown in the world's second-largest economy. So far, however, the AUD is struggling to cheer the upbeat data. The seven-pip rise to fresh session highs seen post-PMI has been erased. As of writing, the pair is trading at 0.7121.

However, equities are flashing green - the futures on the S&P 500 are currently up 0.65 percent. Hence, the AUD could continue to grind higher during the day ahead, more so, as China's NBS PMI numbers, released over the weekend, also bettered estimates.

Further, TD securities' inflation gauge for March came in at 0.4 percent month-on-month earlier today vs 0.1 percent in February. The National Australia Bank's business conditions index for March also ticked higher to 7, beating the estimated drop to 2 by a big margin.

Source : FX Street

RELATED NEWS
Sterling Hits 31-Month Highs, Dollar Dips...
Monday, 9 December 2019 18:02 WIB

The British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday™s U.K. electi...

Strong U.S. Jobs Data Supports Dollar as Market Looks to U.S.-China Trade Deal...
Monday, 9 December 2019 08:09 WIB

The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade wa...

Euro steady as U.S. dollar set for worst week since October...
Friday, 6 December 2019 16:32 WIB

The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of weakn...

Dollar Heads For Weekly Decline as Data and Trade Tensions Weigh...
Friday, 6 December 2019 08:19 WIB

The dollar nursed a week of losses on Friday, hit by nervousness on trade and mixed signals about the U.S. economy, while the British pound stood tall as bets firmed that Prime Minister Boris Johnson ...

Dollar Edges Lower Amid Mixed Messages on Trade...
Thursday, 5 December 2019 15:21 WIB

The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end ...

LATEST NEWS
Hong Kong Stocks Close Flat (Review)

Hong Kong finished flat on Monday as weak Chinese trade data offset a forecast-beating jobs report from the US that eased concerns about the world's top economy. The Hang Seng index edged down 3.64 points to 26,494.73. The benchmark Shanghai...

Dow sinks 105 points as health-care selling and worries about China's economy weigh on market

U.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China's economy, highlighting worries about a global economic recession. Health-care shares, meanwhile, also weighed on the...

Oil slips as weak China export data weighs

Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures fell...

POPULAR NEWS
Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...

FBI Investigating Shooting at US Naval Base as Terrorism
Monday, 9 December 2019 11:07 WIB

The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday. Rachel Rojas, special...

Gold Steadies With Fed and Tariffs in Focus This Week
Monday, 9 December 2019 18:01 WIB

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings. Spot gold edged 0.2% higher to...

Gold prices slip a bit ahead of Fed meeting this week
Tuesday, 10 December 2019 03:13 WIB

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...