Aussie leaps in Asia on Caixin Manufacturing PMI

Aussie leaps in Asia on Caixin Manufacturing PMI

On Tuesday, the Australian dollar surged because a poll out of China backed market sentiment for commodity-led surge.

The currency pair USD/JPY hit 112.70, edging up 0.02%. Meanwhile, AUD/USD reached 0.7833, gaining 0.36% following the closely-watched manufacturing poll from China.

Assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index dived to 91.89.

The Caixin China manufacturing PMI for December rallied to 51.5 in Asia versus an outcome of 50.6 observed.

The official China PMI was published on Sunday and declined to 51.6 in December, sliding from November’s reading of 51.8, although in line with estimates from market experts in a Reuters survey. However, the overall reading was still firm enough, and marked the 18th straight month of expanding. The 50-point level traditionally divides surge from contraction on a monthly basis.


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera