China's manufacturing PMI ticks higher to 51.1 in July

Omkar Godbole FXStreet Contributor

The purchasing managers' index (PMI) for China's manufacturing sector jumped to 51.1 in July from 50.9 in June, the National Bureau of Statistics (NBS) said Friday. The actual data bettered the consensus estimate of 50.7.

A reading above 50 indicates expansion, while a reading below reflects contraction.

Meanwhile, the Non-Manufacturing PMI decreased slightly to 54.2 in July from 54.4 in June but bettered estimates of 51.2.

The better-than-expected NBS PMI could strengthen the bid tone around the Aussie dollar, other commodity dollars, and base metals. Take note that the NBS figure mainly focuses on state-owned enterprises.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

GBP/USD tumbles below 1.3500 on stronger Dollar

EUR/USD faces some consolidation near term

Gold sellers seeking for a fresh 2026 low

ONDO Price Forecast: ONDO’s rally nears $0.40 as network partners with Japan’s SBI Group

Ondo Finance (ONDO) edges higher toward the nearest resistance at $0.40 at the time of writing on Thursday. The rally follows the network’s strategic partnership with Japan’s SBI Group, shrugging off a broader cool-down in the cryptocurrency market. Ondo Finance has announced a strategic partnership with SBI Group, one of Japan’s leading financial conglomerates.

A win for England: First half growth on positive track, keeps pound buoyant

The pound is edging lower on Thursday, after Wednesday’s stunning rally on the back of reports that current home secretary Shabana Mahmood is set to become Chancellor next week. This is easing fears that the hard left of the Labour party will have control at the Treasury. GBP/USD is higher by nearly 1% this week, although it is pulling back from the $1.3550 level this morning.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.