China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected

Dhwani Mehta FXStreet

China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.

Data underperformed the market forecast of a 50.6 expansion.

AUD/USD reaction to China’s PMI data

The discouraging Chinese Manufacturing PMI adds to the weight on the Aussie Dollar, as AUD/USD flirts with intraday lows near 0.6480 at the time of writing, down 0.25% the day.

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.12%	0.06%	0.30%	0.07%	0.17%	-0.15%	0.07%
EUR	-0.12%		-0.03%	0.21%	-0.02%	0.07%	-0.19%	-0.04%
GBP	-0.06%	0.03%		0.25%	-0.00%	0.11%	-0.15%	-0.00%
JPY	-0.30%	-0.21%	-0.25%		-0.24%	-0.15%	-0.43%	-0.17%
CAD	-0.07%	0.02%	0.00%	0.24%		0.05%	-0.15%	0.00%
AUD	-0.17%	-0.07%	-0.11%	0.15%	-0.05%		-0.26%	-0.10%
NZD	0.15%	0.19%	0.15%	0.43%	0.15%	0.26%		0.15%
CHF	-0.07%	0.04%	0.00%	0.17%	-0.00%	0.10%	-0.15%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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