The post Australian Dollar firms against Japanese Yen following China’s RatingDog Manufacturing appeared on BitcoinEthereumNews.com.
AUD/JPY extends its gains for the third successive day, trading around 114.60 during the Asian hours on Monday. The currency cross holds its ground as a wave of mixed economic data from China, Australia, and Japan shaped market sentiment. China’s RatingDog Manufacturing Purchasing Managers Index (PMI) slipped to 51.8 in May from the previous month’s 52.2 reading. While this indicates a slight deceleration in expansion, it still managed to beat market expectations of 51.4, offering a layer of resilience to the regional outlook. In Australia, the labor market showed signs of recovery as the ANZ–Indeed Australian Job Ads rebounded by 1.8% month-on-month (MoM) in May, marking the first gain since February and bouncing back from a 0.6% decline in April. However, the overarching trend continues to suggest that labor demand is gradually moderating as elevated bo
The post United States Dollar Index gathers strength above 99.00 on US-Iran truce deal uncertainty appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.05 during the Asian trading hours on Monday. The DXY holds positive ground surrounding the US-Iran peace deal. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. Iranian Foreign Minister Abbas Araghchi said on Sunday that talks and message exchanges with Washington were ongoing, but stressed that no assessment of negotiations could be made until a clear outcome was reached, per the BBC. On Monday, US President Donald Trump requested that edits be made to the US-Iran deal aimed at bringing an end to fighting that began earlier this year, the BBC reported on Sunday. The changes are related to the Strait of Hormuz and the removal of highly enriched uranium. Th
The post AUD/USD Forecast: Subdued below 0.7200 after China’s PMI appeared on BitcoinEthereumNews.com.
The AUD/USD pair extends the range play below the 0.7200 mark and moves little following the release of China’s RatingDog Manufacturing PMI, which eased to 51.8 in May from 52.2 in the previous month. Meanwhile, spot prices remain close to a two-week high touched on Friday and seem poised to appreciate further amid a constructive technical setup. Friday’s breakout through the 0.7180 confluence hurdle – comprising the 100-period Simple Moving Average (SMA) on the 4-hour chart and the 50% Fibonacci retracement level of the May downswing – was seen as a key trigger for the AUD/USD bulls. Moreover, the Relative Strength Index (RSI) near 60 hints at constructive but not overextended momentum. Adding to this, the Moving Average Convergence Divergence (MACD) hovers in positive territory with a slight bullish tilt, reinforcing a cautious upside tone. However, persistent geopolitical uncertain
The post 51.8: China’s RatingDog Manufacturing PMI beats estimates in May appeared on BitcoinEthereumNews.com.
China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declines to 51.8 in May from 52.2 in April the latest data published by RatingDog showed on Monday. The market forecast was for a 51.4 reading. AUD/USD reaction to China’s PMI data At the time of writing, the AUD/USD pair is trading around 0.7183, up 0.01% on the day. (This story was corrected on June 1 at 01:50 GMT to say China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in May from 52.2 in April, not rose). Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in
The post China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May appeared on BitcoinEthereumNews.com.
Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/china-ratingdog-manufacturing-pmi-came-in-at-518-above-forecasts-514-in-may-202606010145
The post Japanese yen hovers near multi-week low vs USD on Mideast risks appeared on BitcoinEthereumNews.com.
The USD/JPY pair kicks off the new week on a positive note and climbs back closer to the 159.50 level during the Asian session, eyeing a four-week top set last Thursday amid a combination of factors. Data released earlier today showed that Japan’s corporate Capital Spending flatlined in the first quarter, falling short of market expectations and marking a sharp deceleration from the 6.5% YoY rise seen in the final quarter of 2025. This comes on top of economic concerns stemming from the Middle East conflict and the continued energy supply disruption through the Strait of Hormuz, which, in turn, is seen undermining the Japanese Yen (JPY). Apart from this, a goodish pickup in the US Dollar (USD) demand turns out to be another factor supporting the USD/JPY pair. Persistent geopolitical uncertainties, along with hawkish US Federal Reserve (Fed) expectations, assist the safe-haven U
The post China’s factory activity beats forecasts in May, private survey shows, despite softer official data appeared on BitcoinEthereumNews.com.
Workers make US flags ahead of the 2026 World Cup football tournament, at a factory in Qingdao, in China’s Shandong province on May 28, 2026. – | Afp | Getty Images BEIJING — China’s factory activity expanded in May, a private survey showed Monday, beating expectations, although growth slowed from the previous month . The seasonally-adjusted RatingDog China General Manufacturing Purchasing Managers’ Index came in at 51.8, a touch above the 51.6 expected in a Reuters poll. The reading was down from April’s 52.2, indicating a slower pace of improvement in manufacturing conditions. The 50 mark separates expansion from contraction. China’s official manufacturing PMI for May fell to 50 from 50.3 in April, in-line with expectations and the lowest since a 49 print in February, according to data released Sunday. Overall, the official PMI “suggest sub
China's tightened oversight on outbound investments may redirect capital back to domestic markets, impacting global tech investment dynamics.
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The post Australian Dollar flatlines below 0.7200 as US-Iran talks continue, China PMI looms appeared on BitcoinEthereumNews.com.
The AUD/USD pair holds steady around 0.7185 during the early Asian trading hours on Monday. Traders continue to assess the developments surrounding the US-Iran peace negotiations. Also, China’s RatingDog Manufacturing Purchasing Managers Index (PMI) report for May will be released later on Monday. Iranian Foreign Minister Abbas Araghchi said on Sunday that talks and message exchanges with the US were ongoing, but highlighted that no assessment of negotiations could be made until a clear outcome was reached. “Talks and message exchanges are ongoing, and until a definite result is reached, it is not possible to judge,” said Araghchi. “Everything being said now is speculation and should not be given importance,” he added. Meanwhile, Iran’s parliament speaker and top negotiator, Mohammad Bagher Ghalibaf, stated that Tehran will not accept any deal with Washing
