News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • RT @FxWestwater: Gold, Iron Ore Forecast: Prices Hinge on FOMC, Evergrande Crisis, China Steelmaking Curbs Link: h…
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • We are heading into a Tuesday lull which precedes Wednesday's FOMC focus. Will the absence of distractions allow for risk trends to gain momentum or perhaps will Fed anticipation temper the $SPX tumble? My take:
  • CTV projects Trudeau wins his third term as Canada's Prime Minister - BBG
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • US House Speaker Pelosi says top-line spending number may change but hopes for $3.5 trillion in spending bill - BBG
  • RBA Minutes: - Board committed to providing high level of monetary support - Q3 GDP expected to decline materially - Central scenario is rates on hold until 2024 - BBG $AUDUSD
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min)
  • New Zealand reports 14 new local Covid cases - BBG
Australian Dollar Falls as China PMI Boosts RBA Rate Cut Bets

Australian Dollar Falls as China PMI Boosts RBA Rate Cut Bets

Bradley A. Kearns,

Talking Points:

  • AUD/USD continued its daily fall as China’s Caixin Manufacturing PMI missed forecast
  • 48.2 in December as opposed to the 48.9 expectation and the 48.6 reading in November
  • China’s PMI data may have added to dovish RBA policy expectations

Find key turning points for the Australian Dollar with DailyFX SSI

The Australian Dollar continued its daily fall against the Greenback as adverse economic data from China crossed the wires. Caixin Manufacturing PMI showed a print of 48.2 in December versus the 48.9 expectation and the 48.6 reading in November. This marks the tenth consecutive contraction for the second largest global economy’s industrial sector.

Australian front-end bond yields were also falling during the trading session which may have been initially caused by risk aversion. The soft PMI print likely amplified this drop. Since yields continued to decrease after the data was released, the news may have spurred dovish RBA policy speculation. China is Australia’s largest trading partner which means slowing growth in the former may hurt the latter’s economy.

Australian Dollar Falls as China PMI Boosts RBA Rate Cut Bets

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.