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Australian Dollar remains subdued following China’s PMI, fresh stimulus measures
The post Australian Dollar remains subdued following China’s PMI, fresh stimulus measures appeared on BitcoinEthereumNews.com. The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD) ends its three-day winning streak against the US Dollar (USD), with the AUD/USD pair trading subdued following the release of mixed Chinese Purchasing Managers’ Index (PMI) data on Monday. As close trade partners, China’s economic performance significantly impacts the Australian economy. China’s NBS Manufacturing PMI fell to 49.1 in January, down from 50.1 in December, missing the market expectation of 50.1. Similarly, the NBS Non-Manufacturing PMI declined to 50.2 in January compared to December’s 52.2 reading. The Australian Dollar also failed to gain support from China’s fresh stimulus measures to promote its development of index investment products, its latest effort to revive the ailing equity market. The China Securities Regulatory Commission (CSRC) has approved a second round of long-term stock investment pilot programs valued at 52 billion Yuan ($7.25 billion). China’s Industrial Profits declined by 3.3% year-over-year to CNY 7,431.05 billion in 2024, easing from the 4.7% drop recorded in the first 11 months of the year. This marks the third consecutive year of contraction, following a 2.3% decline in 2023. The continued downturn reflects ongoing economic challenges, including weak demand, rising deflationary pressures, and a prolonged slump in the property sector. Australian Dollar declines due to increased risk aversion regarding Trump’s policies The US Dollar Index (DXY), which tracks the value of the US Dollar against six major currencies, has rebounded from its monthly low of 107.22 recorded on Friday. The DXY trades near 107.60 at the time of writing. The USD gains strength…
The post Australian Dollar remains subdued following China’s PMI, fresh stimulus measures appeared on BitcoinEthereumNews.com.
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD) ends its three-day winning streak against the US Dollar (USD), with the AUD/USD pair trading subdued following the release of mixed Chinese Purchasing Managers’ Index (PMI) data on Monday. As close trade partners, China’s economic performance significantly impacts the Australian economy. China’s NBS Manufacturing PMI fell to 49.1 in January, down from 50.1 in December, missing the market expectation of 50.1. Similarly, the NBS Non-Manufacturing PMI declined to 50.2 in January compared to December’s 52.2 reading. The Australian Dollar also failed to gain support from China’s fresh stimulus measures to promote its development of index investment products, its latest effort to revive the ailing equity market. The China Securities Regulatory Commission (CSRC) has approved a second round of long-term stock investment pilot programs valued at 52 billion Yuan ($7.25 billion). China’s Industrial Profits declined by 3.3% year-over-year to CNY 7,431.05 billion in 2024, easing from the 4.7% drop recorded in the first 11 months of the year. This marks the third consecutive year of contraction, following a 2.3% decline in 2023. The continued downturn reflects ongoing economic challenges, including weak demand, rising deflationary pressures, and a prolonged slump in the property sector. Australian Dollar declines due to increased risk aversion regarding Trump’s policies The US Dollar Index (DXY), which tracks the value of the US Dollar against six major currencies, has rebounded from its monthly low of 107.22 recorded on Friday. The DXY trades near 107.60 at the time of writing. The USD gains strength…
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