<\/p>\n
China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) rose to 51.4 in April, compared to the expansion of 51.1 seen in March, according to the latest data released\u00a0on Tuesday.<\/p>\n
The reading beat the market forecast of 51.0 in the reported month.<\/p>\n
\nProduction expands at most pronounced pace since May 2023.<\/p>\n
New export orders rise at the quickest pace in nearly three-and-ahalf years.<\/p>\n
Selling prices fell again despite highest cost inflation in six months.<\/p>\n<\/blockquote>\n
“Both supply and demand expanded at a faster pace amid the market upturn. In April, manufacturers\u2019 output and total new orders continued to grow, with the corresponding subindexes reaching new highs since May 2023 and February 2023, respectively,\u201d said Wang Zhe, an economist at Caixin Insight Group.<\/p>\n
Wang added, \u201cThe increase in external demand was even more notable, with the gauge for new export orders hitting a high not seen since November 2020. Investment goods outperformed both consumer and intermediate goods in terms of supply as well as demand at home and abroad.\u201d<\/p>\n
In the last hour, China\u2019s National Bureau of Statistics (NBS) released the country\u2019s\u00a0official Manufacturing Purchasing Managers’ Index (PMI)<\/strong><\/a>, which fell to 50.4 in April, compared with the 50.8 growth reported in March while beating the estimates of a 50.3 figure. The Non-Manufacturing PMI dipped to 51.2 in the same period vs. March\u2019s 53.0.<\/p>\n
AUD\/USD reaction to China\u2019s PMI data<\/h2>\n
The encouraging Chinese\u00a0Manufacturing PMI<\/strong><\/a>\u00a0fails to inspire\u00a0the Aussie Dollar, as\u00a0AUD\/USD<\/strong><\/a>\u00a0 flirts with intraday lows near 0.6550, at the time of writing, down 0.20% on the day.<\/p>\n
<\/p>\n
\nAustralian Dollar price today<\/h2>\n
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar.<\/p>\n
\n\n
\n \u00a0<\/td>\n USD<\/strong><\/td>\n EUR<\/strong><\/td>\n GBP<\/strong><\/td>\n CAD<\/strong><\/td>\n AUD<\/strong><\/td>\n JPY<\/strong><\/td>\n NZD<\/strong><\/td>\n CHF<\/strong><\/td>\n<\/tr>\n \n USD<\/strong><\/td>\n \u00a0<\/td>\n 0.04%<\/td>\n 0.05%<\/td>\n 0.00%<\/td>\n 0.15%<\/td>\n 0.36%<\/td>\n 0.07%<\/td>\n 0.05%<\/td>\n<\/tr>\n \n EUR<\/strong><\/td>\n -0.04%<\/td>\n \u00a0<\/td>\n 0.00%<\/td>\n -0.05%<\/td>\n 0.11%<\/td>\n 0.32%<\/td>\n 0.03%<\/td>\n 0.00%<\/td>\n<\/tr>\n \n GBP<\/strong><\/td>\n -0.05%<\/td>\n -0.01%<\/td>\n \u00a0<\/td>\n -0.05%<\/td>\n 0.10%<\/td>\n 0.32%<\/td>\n 0.02%<\/td>\n 0.00%<\/td>\n<\/tr>\n \n CAD<\/strong><\/td>\n 0.00%<\/td>\n 0.05%<\/td>\n 0.05%<\/td>\n \u00a0<\/td>\n 0.14%<\/td>\n 0.35%<\/td>\n 0.08%<\/td>\n 0.05%<\/td>\n<\/tr>\n \n AUD<\/strong><\/td>\n -0.15%<\/td>\n -0.10%<\/td>\n -0.09%<\/td>\n -0.14%<\/td>\n \u00a0<\/td>\n 0.22%<\/td>\n -0.08%<\/td>\n -0.09%<\/td>\n<\/tr>\n \n JPY<\/strong><\/td>\n -0.44%<\/td>\n -0.39%<\/td>\n -0.40%<\/td>\n -0.44%<\/td>\n -0.34%<\/td>\n \u00a0<\/td>\n -0.37%<\/td>\n -0.42%<\/td>\n<\/tr>\n \n NZD<\/strong><\/td>\n -0.06%<\/td>\n -0.03%<\/td>\n -0.02%<\/td>\n -0.08%<\/td>\n 0.08%<\/td>\n 0.29%<\/td>\n \u00a0<\/td>\n -0.03%<\/td>\n<\/tr>\n \n CHF<\/strong><\/td>\n -0.02%<\/td>\n 0.00%<\/td>\n 0.00%<\/td>\n -0.05%<\/td>\n 0.10%<\/td>\n 0.35%<\/td>\n 0.03%<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n
\u00a0<\/p>\n<\/div>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) rose to 51.4 in April, compared to the expansion of 51.1 seen in March, according to the latest data released\u00a0on Tuesday. The reading beat the market forecast of 51.0 in the reported month. Key highlights (via Caixin) Production expands at most pronounced pace since May 2023. New export […]<\/p>\n","protected":false},"author":2,"featured_media":292589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[377,201,248,251,297,246,257,843,255,250,1064,252,1063,247,253,249,256,254],"class_list":["post-292588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audusd","tag-blockchain","tag-bsc","tag-chainlink","tag-china","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=292588"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292588\/revisions"}],"predecessor-version":[{"id":292591,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292588\/revisions\/292591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/292589"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=292588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=292588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=292588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}