- The Australian dollar maintains losses after the publication of the data of the Australian and China Manufacturing Manufacturing Manufacturing Index (PMI).
- The manufacturing PMI Caixin de China rose to 50.4 in June from 48.3 in May.
- The US dollar extends its loss streak due to the growing uncertainty about Fed and tax concerns.
The Australian dollar (AUD) moves down against the US dollar (USD) on Tuesday after registering more than 0.50% losses in the previous session. The Aud/USD loses land as the purchasing managers index (PMI) of Australia Global M&P manufacturing falls to 50.6 in June from the previous one 51.0. The production decreased to its lowest reading since February, since the new orders fell for the first time in five months, due to adequate inventories of the weakest customers and market conditions.
The purchasing managers index (PMI) Caixin of Manufacturing of China improved 50.4 in June from 48.3 in May, according to the latest data published on Tuesday. Reading exceeded 49.0 market forecast. It is important to note that any economic change in China could impact the AU, since both countries are nearby commercial partners.
The Aud/USD torque could recover land as the US dollar continues to face challenges amid the growing uncertainty about the Federal Reserve Policy Perspective (Fed) and a growing fiscal concern in the United States (USA). In addition, the operators adopt caution before a broad bill of taxes and expenses that are currently being considered in the Senate, which could add 3.3 billion dollars to the national debt.
The Australian dollar fights despite a weaker US dollar before the ISM manufacturing PMI data
- The American dollar index (DXY), which measures the value of the US dollar compared to six main currencies, continues its loss streak that began on June 19 and is quoted around 96.70 at the time of writing. Operators expect the data of the USM manufacturing PMI of the US that will be published later on Tuesday.
- The US Personal Consumption Expenditure Index (PCE) rose 2.3% year -on -year in May, compared to the 2.2% increase in April (reviewed from 2.1%). This reading was in line with market expectations. Meanwhile, the underlying PCE price index, which excludes volatile food and energy prices, increased by 2.7%, after the previous increase of 2.6%(reviewed from 2.5%).
- The president of the Bank of the Federal Reserve of Minneapolis, Neel Kashkari, said Friday that it remains in his opinion that the slowdown in inflation would allow the Fed to cut its policy rate twice that year, starting in September.
- The president of the United States, Donald Trump, could weaken the authority of the president of the FED, Jerome Powell, announcing his favorite candidate to lead the Central Bank next year. Trump said he has a list of possible Powell successors reduced to “three or four people”, without appointing the finalists. Chicago Fed president Austan Goolsbee said Thursday that political waves are not a factor in decision -making, nor would the appointment of a shadow president, according to CNBC.
- The president of the FED, Jerome Powell, said Wednesday that Trump’s tariff policies could cause a unique price increase, but they could also lead to more persistent inflation. The Fed must be cautious when considering additional rate cuts.
- An US intelligence report indicated that American attacks on Iranian nuclear sites have delayed Tehran program only for a few months, according to Reuters. Iranian Foreign Minister Abbas Araghchi said Tehran has no intention of resuming nuclear negotiations with the United States, according to CNN.
- The Purchase Managers Index (PMI) Manufacturing NBS of China advanced to 49.7 in June, compared to 49.5 in May. The data were in line with the market consensus in the month reported. The non -manufacturing PMI NBS rose to 50.5 in June compared to May 50.3 and the expected reading of 50.3.
- The TD-MI inflation indicator rose 0.1% intermensual in June, reversing an earlier fall of 0.4%. The increase occurred despite the fact that both general and underlying inflation continued to decrease within the target range of 2-3% of the Australian Reserve Bank (RBA).
- Australia’s private sector rose 0.5% intermencing in May, compared to market expectations and 0.7% increase in the previous month. The deceleration was mainly due to a slowdown in commercial loans, which fell to 0.8% from 1% in April.
The Australian dollar is quoted about 0.6560 after retreating eight months
The aud/USD torque is quoted around 0.6560 on Tuesday. The daily technical analysis indicates a persistent bullish bias, since the torque is maintained within the ascending channel pattern. The 14 -day relative force (RSI) index is positioned above the 50th mark. In addition, the torque rises above the nine -day exponential mobile average (EMA), indicating that the short -term pricing impulse is stronger.
On the positive side, the Aud/USD torque could bounce towards the new maximum of eight months of 0.6583, which was recorded on July 1, followed by the upper limit of the upward channel around 0.6650.
The nine -day EMA at 0.6529 appears as the main support. A rupture below this level would weaken the impulse of short -term prices and exert down pressure on the aud/USD torque to test the lower limit of the upward channel around 0.6490, aligned with the 50 -day EMA at 0.6456.
AUD/USD: Daily graphic
Australian dollar Price today
The lower table shows the percentage of change of the Australian dollar (AUD) compared to the main currencies today. Australian dollar was the weakest currency against the Japanese yen.
USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.07% | 0.04% | -0.17% | 0.07% | 0.29% | 0.21% | -0.00% | |
EUR | -0.07% | -0.02% | -0.36% | 0.00% | 0.31% | 0.13% | -0.06% | |
GBP | -0.04% | 0.02% | -0.22% | 0.05% | 0.34% | 0.16% | -0.03% | |
JPY | 0.17% | 0.36% | 0.22% | 0.30% | 0.46% | 0.37% | 0.19% | |
CAD | -0.07% | -0.00% | -0.05% | -0.30% | 0.21% | 0.10% | -0.09% | |
Aud | -0.29% | -0.31% | -0.34% | -0.46% | -0.21% | -0.18% | -0.37% | |
NZD | -0.21% | -0.13% | -0.16% | -0.37% | -0.10% | 0.18% | -0.19% | |
CHF | 0.00% | 0.06% | 0.03% | -0.19% | 0.09% | 0.37% | 0.19% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
Economic indicator
PMI manufacturing caixin
The Chinese manufacturing PMI of Caixin, published by Markit Economicsis based on the result of the responses to the monthly questionnaires sent to purchasing executives of more than 400 private companies in the manufacturing sector.
Read more.
Last publication:
Mar Jul 01, 2025 01:45
Frequency:
Monthly
Current:
50.4
Dear:
49
Previous:
48.3
Fountain:
IHS MARKIT
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.