AUD/USD recovers above 0.6200 on upbeat Chinese PMI data
AUD/USD rises to about 0.6215 in the early Asian session on Monday. The Chinese NBS came in the strongest expected in February. Trump said he would impose an additional 10…
Australian Dollar faces pressure after US PMI
Australian stalls near 0.6400 despite the previous gains. After PMI Dims Dims, delicious risks and benefit the US dollar. RBA position reducs deeper bets and may limit the downside. AUD/USD…
US S&P Global Manufacturing PMI rises to 50.1 in January, Services PMI retreats to 52.8
The US private sector expanded at a softening pace in January. The US Dollar Index remains deep in negative territory below 107.50. Economic activity in the US private sector continued…
EUR/USD strengthens on upbeat Eurozone flash PMI, soft US Dollar
EUR/USD pair highly rises to approximately 1.0500 with optimism of the euro area preliminary The data of the Purchase Manager Index for January has strengthened the euro. It is widely…
Pound Sterling strengthens on surprisngly upbeat flash UK PMI data
The British pound recorded its highest level in two weeks above 1.2400 against the US dollar after US President Trump supported the immediate discounts of interest rates from the Federal…
US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected
Business activity in the US manufacturing sector contracted at a weaker-than-expected pace in December. The US Dollar Index remains in the negative territory near 109.00. Business activity in the US…
AUD/USD consolidates around 0.6200 ahead of US ISM Manufacturing PMI
The AUD/USD pair is trading back and forth around the 0.6200 level as investors focus on the US ISM Manufacturing PMI data. The Fed has signaled fewer interest rate cuts…
Australian Dollar advances as China’s Manufacturing PMI remains in expansion territory
The Australian dollar is receiving support after the release of China’s Caixin Manufacturing PMI on Thursday. China’s manufacturing output in December continued to expand, marking the 14th consecutive month in…