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 South Korea S&P Global Manufacturing PMI climbed from previous 53.6 to 54.8 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/south-korea-sp-global-manufacturing-pmi-climbed-from-previous-536-to-548-in-may-202606010030
The post China’s NBS Manufacturing PMI eases to 50.0 in May, Non-Manufacturing PMI rises to 50.1 appeared on BitcoinEthereumNews.com.
China’s official Manufacturing Purchasing Managers’ Index (PMI) eased to 50.0 in May, compared to 50.3 in the previous reading. The reading came in line with the market consensus of 50.0 in the reported month. The NBS Non-Manufacturing PMI improved to 50.1 in May versus April’s 49.4 figure. The market forecast was for a 49.5 print. Market reaction At the time of writing, the AUD/USD pair is trading around 0.7180, down 0.07% on the day. 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 Australia, its growth rate and Trade Balance. M
