Wednesday, 11 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD Extends Recovery as China Caixin PMI Follows Official Gauge Footsteps
Monday, 2 December 2019 09:49 WIB | CURRENCIES |AUD/USD,Dollar Australia,Aussie

With the recently upbeat data from China, AUD/USD extends the pullback from multi-week low to 0.6775 during Monday™s Asian session.

China™s November month Caixin Purchasing Managers™ Index (PMI) rose past-51.4 forecast and 51.7 prior to 51.8. The data follows upbeat official manufacturing prints from Australia™s largest customer.

During the weekend, China released official readings of its November month Manufacturing PMI. The key activity gauge surged to 50.2, the highs since April, regained its stage in the expansion territory following many months of being below 50.0.

Aussie buyers cheered the data from its largest customers while ignoring unimpressive prints of second-tier Australian data from housing, jobs and inflation frontiers. As a result, the US 10-year treasury yields surge beyond 1.80% while markets in Australia are also firmer by the press time.

Doubting the move was Axios report that the phase-one trade deal between the United States (US) and China will take place early next year. The report cites Hong Kong Act, the US tariff rollback and China™s promise to purchase the US agriculture products as the main roadblocks.

Source : FX Street

RELATED NEWS
Euro Steady Ahead of Fed, ECB Meetings and Expected U.S. Tariffs...
Tuesday, 10 December 2019 17:26 WIB

The euro was little changed versus the dollar on Tuesday as investors were wary of a looming deadline for U.S. tariffs on China, the British election and upcoming Federal Reserve and European Central ...

Dollar Steadies as Investors Brace for Key Risk Events...
Tuesday, 10 December 2019 07:54 WIB

The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United St...

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...

LATEST NEWS
Hong Kong Stocks Finish In The Red (Review)

Hong Kong stocks closed Tuesday with fresh losses as traders grow increasingly wary about the lack of news on the China-US tariffs talks with a deadline for fresh measures against Beijing just days away. The Hang Seng index fell 0.22 percent, or...

Stock market books back-to-back loss as tariffs worries linger

Stocks close lower as tariffs remain on the table U.S. stocks closed slightly lower on Tuesday as investors digested mixed messages on progress toward a partial U.S.-China trade deal before a Dec. 15 deadline for a further increase in China...

Oil rises but US-China trade war weighs on demand outlook

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to...

POPULAR NEWS
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...

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...