|

China’s RatingDog Manufacturing PMI climbs to 51.2 in September, Services PMI drops to 52.9

China's RatingDog Manufacturing Purchasing Managers' Index (PMI) rose to 51.2 in September from 50.5 in August, the latest data published by RatingDog showed on Tuesday.

The market forecast was for a 50.3 print.

China's Services PMI dropped slightly to 52.9 in September from 53 in August.

The data came in a tad lower than the market estimates of 52.3 in the reported period.

AUD/USD reaction to China’s PMI data

The Chinese proxy, the Australian Dollar (AUD), clings to minor gains following the upbeat data, with AUD/USD adding 0.05% on the day to 0.6580 as of writing.

Australian Dollar Price Today

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

USDEURGBPJPYCADAUDNZDCHF
USD0.07%0.05%0.01%0.05%-0.04%-0.08%-0.02%
EUR-0.07%-0.04%-0.03%-0.04%-0.11%-0.14%-0.07%
GBP-0.05%0.04%0.02%0.02%-0.09%-0.10%-0.03%
JPY-0.01%0.03%-0.02%-0.01%-0.07%0.06%-0.02%
CAD-0.05%0.04%-0.02%0.01%-0.09%-0.10%-0.05%
AUD0.04%0.11%0.09%0.07%0.09%-0.03%0.06%
NZD0.08%0.14%0.10%-0.06%0.10%0.03%0.08%
CHF0.02%0.07%0.03%0.02%0.05%-0.06%-0.08%

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

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.

More from Dhwani Mehta
Share:

Editor's Picks

GBP/USD: Daily gains remain capped by 1.3650

GBP/USD leaves behind Monday’s pessimism and advances marginally on Tuesday. Cable’s humble gains, however, appear to have met quite a decent resistance in the 1.3650 zone for now, in a context of a slight selling pressure hovering around the Greenback.

EUR/USD struggles to regain pace; gyrates around 1.1670

EUR/USD clinches humble gains around 1.1670 following Tuesday’s close on Wall Street. Indeed, marginal losses in the US Dollar encourages spot to set aside two dauly pullbacks in a row and maintain the 1.1700 barrier on the cross-hairs for now. Moving forward, US inflation tracked by the PCE and another revision of Q2 GDP data should keep investors entertained on Wednesday.

Gold steadies near $4,650, eyes multi-month high ahead of US PCE

Gold stabilizes around $4,650 after the previous day's two-way swings as traders await the US PCE data, due later this Wednesday, for cues about the Fed's policy path. The outlook will drive the US Dollar and the non-yielding bullion. Meanwhile, renewed hopes for a US-Iran peace deal, weak oil prices, sliding US bond yields and diminishing odds of an immediate tightening by the Fed undermine the USD. This keeps the precious metal close to its highest level since May 14, set on Tuesday.

Australia CPI expected to show inflation easing in July
The Australian Bureau of Statistics (ABS) will publish the July Consumer Price Index (CPI) on Wednesday at 01:30 GMT. The report is expected to show that inflation rose 3.2% from a year earlier, easing from the 3.8% posted in June. The monthly CPI, however, is forecast at 0.8% following the -0.1% print from the previous month.
Canada hits US goods with tariffs; The rate market sees a problem
On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.
Canada hits US goods with tariffs; The rate market sees a problem
On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.