Australian dollar goes down in Asia notwithstanding solid China PMIs

Australian dollar goes down in Asia notwithstanding solid China PMIs

On Wednesday, the Australian dollar went down in Asia, neglecting China’s better than expected PMI figures.

China posted May’s official manufacturing PMI at 51.2, unlike a level of 51.0 observed. The non-manufacturing PMI showed 54.5, soaring from April’s value of 54.0. By the way, a figure above 50 stands for expansion.

The currency pair AUD/USD went down 0.23%, being worth 0.7449, reacting to the China PMI manufacturing figures. As for Australia's economy, it’s highly dependent on exports to China. Meanwhile, Australia posted that private sector credit for April managed to grow 0.4%.

Evaluating the greenback’s value against six key currencies, the US dollar index grew 0.16%, demonstrating 97.38.

The currency pair USD/JPY hit 110.97, tacking on 0.13%. Additionally, Japan informed that April’s provisional industrial output inched up 4%, compared with a profit of 4.3% observed month-on-month.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

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

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