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.



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
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • 🇨🇦 Average Weekly Earnings YoY (SEP) Actual: 6.9% Previous: 7.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.45%, while traders in NZD/USD are at opposite extremes with 74.75%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇨🇦CAD: 0.04% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.11% 🇪🇺EUR: -0.11% 🇬🇧GBP: -0.26% View the performance of all markets via
  • Heads Up:🇨🇦 Average Weekly Earnings YoY (SEP) due at 13:30 GMT (15min) Previous: 7.9%
  • It was noted that monetary policy decisions in December would be consistent with prevailing market expectations
  • ECB Minutes - headline inflation was now expected to be in negative territory for longer than had been foreseen in the September projections
  • What are the three ways the stock market impacts the economy? Find out here.
  • Heads Up:💶 ECB Monetary Policy Meeting Accounts due at 12:30 GMT (15min)
  • 🇲🇽 Economic Activity YoY (SEP) Actual: -5.5% Expected: -6.6% Previous: -9.2%
  • 🇲🇽 GDP Growth Rate YoY Final (Q3) Actual: -8.6% Expected: -8.6% Previous: -18.7%
Aussie Dollar Unable to Capitalize on Upbeat Manufacturing Data

Aussie Dollar Unable to Capitalize on Upbeat Manufacturing Data

2017-09-01 01:30:00
Ilya Spivak, Varun Jaitly,

Talking Points:

  • Aussie Dollar unable to capitalize on upbeat AIG manufacturing data
  • Data showed fastest pace of factory-sector activity growth since 2002
  • Tepid response may reflect data’s limited impact on RBA policy bets

Just getting started trading the Australian Dollar? Check out our beginners’ guide.

The Australian Dollar edged lower within its intraday range after the release of August’s AIG Performance of Manufacturing (PMI) survey. The headline index printed at 59.8, implying sector activity growth at the fastest pace since 2002.

AIG PMI is a measure of manufacturing strength, where a reading above 50 means the sector is expanding and anything below is a contraction. The index, released monthly, has been indicating consecutive expansion in the factory sector since September 2016.

The Aussie Dollar seed to look through the data and local bond yields were unmoved, implying the markets did not take it to mean much for the RBA policy outlook. That may be because the central bank didn’t include manufacturing on its list of closely-monitored indicators when officials last opined the matter.

It is also possible that the RBA’s worries about the currency’s appreciation has been interpreted to mean that a near-term rate hike is not in the cards whatever data flow may cross the wires. That would make the PMI print nearly meaningless for FX markets. A hike isn’t seen as likely before the second half of 2018.

Aussie Dollar Unable to Capitalize on Upbeat Manufacturing Data

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