Wednesday, 23 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Australian Dollar struggles as China's Industrial Profits decline in previous year
Monday, 27 January 2025 11:04 WIB | AUD/USD |AussieAUD/USD,AussieDolar

The Australian Dollar (AUD) ends its three-day winning streak against the US Dollar (USD), with the AUD/USD pair trading subdued following the release of mixed Chinese Purchasing Managers' Index (PMI) data on Monday. As close trade partners, China's economic performance significantly impacts the Australian economy.

China's NBS Manufacturing PMI fell to 49.1 in January, down from 50.1 in December, missing the market expectation of 50.1. Similarly, the NBS Non-Manufacturing PMI declined to 50.2 in January compared to December's 52.2 reading.

The Australian Dollar also failed to gain support from China's fresh stimulus measures to promote its development of index investment products, its latest effort to revive the ailing equity market. The China Securities Regulatory Commission (CSRC) has approved a second round of long-term stock investment pilot programs valued at 52 billion Yuan ($7.25 billion).

China's Industrial Profits declined by 3.3% year-over-year to CNY 7,431.05 billion in 2024, easing from the 4.7% drop recorded in the first 11 months of the year. This marks the third consecutive year of contraction, following a 2.3% decline in 2023. The continued downturn reflects ongoing economic challenges, including weak demand, rising deflationary pressures, and a prolonged slump in the property sector.

Source : Fxstreet

RELATED NEWS
Australian Dollar holds losses following RBA Meeting Minutes ...
Tuesday, 22 July 2025 09:24 WIB

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after two days of losses. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia's (RBA)...

Australian Dollar Falls Ahead of RBA Minutes, Bullock Speech ...
Monday, 21 July 2025 10:36 WIB

The Australian dollar depreciated past $0.65 on Monday, extending losses from the previous week, as market sentiment remained subdued ahead of this week's release of the RBA meeting minutes and a spee...

Australian Dollar Gains Ground ...
Friday, 18 July 2025 09:21 WIB

The Australian dollar strengthened to around $0.651 on Friday, recouping some losses in the previous session, as a surge in iron ore prices, driven by renewed optimism over Chinese economic support, l...

Aussie Dollar Pulls Back on Soft Jobs Data ...
Thursday, 17 July 2025 09:50 WIB

The Australian dollar weakened to below $0.650 on Thursday, pulling back gains from the previous session, as weaker-than-expected labor data reinforced expectations of an RBA rate cut in August. The ...

Aussie Dollar Firms Ahead of Jobs Data ...
Wednesday, 16 July 2025 09:22 WIB

The Australian dollar strengthened to around $0.653 on Wednesday, snapping a three-day losing streak, as investors turned their attention to Thursday's labor market data, which could provide fresh ins...

LATEST NEWS
European Stocks Weaken For A Third Session

European stocks closed lower for a third session amid persistent concerns about US tariffs. The Eurozone STOXX 50 index fell 1% to 5,288, and the pan-European STOXX 600 index fell 0.5% to 544. US Treasury Secretary Bessent noted that White House...

Gold Hits Five-Week High Amid Trade Concerns and Falling Bond Yields

Gold rose to a five-week high on Tuesday (July 22nd), driven by trade uncertainty and weakening US bond yields as investors continued to monitor US President Donald Trump's tariff deadline on August 1st. Spot gold prices rose 1% to $3,427.59 an...

US Dollar Weakens Ahead Of Trump Tariff Deadline

The dollar weakened on Tuesday (July 22), with the yen among the currencies gaining ground against the greenback, as investors monitored negotiations ahead of an August 1 deadline that could impose steep tariffs on products from U.S. trading...

POPULAR NEWS
Asia markets trade mixed as investors assess trade developments, await China benchmark rates
Monday, 21 July 2025 07:45 WIB

Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan...

European Stocks Cautious
Monday, 21 July 2025 14:47 WIB

European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor...

U.S. Tariff on Indonesia May Take Effect Before August 1
Tuesday, 22 July 2025 08:39 WIB

A 19% U.S. tariff on Indonesian exports could take effect earlier than the previously expected August 1 deadline, Indonesia's chief economic...

US Takes Tough Stance On Tariff Deadline As EU Struggles To Reach Deal
Monday, 21 July 2025 23:47 WIB

The US has signaled it will not relax its August 1 deadline for higher tariffs against the European Union as the bloc struggles to reach a deal on...