Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI On Monday, the Australian Dollar (AUD) showed signs of recovery, offsetting some of its recent losses. This upward movement appears to have been driven, in part, by encouraging Purchasing Managers Index (PMI) data from China, suggesting a positive outlook for the Australian economy due […]
China’s Industrial Revival Signals Further Economic Rebound
China’s Industrial Revival Signals Further Economic Rebound China’s manufacturing activity exceeded expectations in March, signaling a promising path towards the country’s ambitious 5% growth target for the year. The Caixin manufacturing purchasing managers’ index (PMI) climbed to 51.1, marking a fifth consecutive month of expansion and the longest streak in over two years. The government’s […]
NZD/USD Nears 0.5980 Amid Fed’s Powell Dovish Remarks, Eyes on US ISM PMI
NZD/USD Nears 0.5980 Amid Fed’s Powell Dovish Remarks, Eyes on US ISM PMI The NZD/USD currency pair has continued its upward trajectory for the second straight day, making notable gains during Monday’s Asian trading session and approaching the 0.5980 mark. This upward movement comes in the wake of dovish statements from Federal Reserve Chairman Jerome […]