The purchasing managers' index (PMI) for China's manufacturing sector expanded more than expected to 50.3 in December from 50.1 booked in November, the latest data published by the National Bureau of Statistics (NBS) showed Friday.
The actual data beat the consensus estimate of 50.1 by a small margin.
Meanwhile, the Non-Manufacturing PMI rose to 52.7 in the reported month from November’s reading of 52.3 and against the expectations of 53.1.
A reading above 50 indicates expansion, while a reading below suggests contraction.
Implications for AUD/USD
Mixed Chinese NBS PMIs served have limited impact on the aussie dollar, as AUD/USD keeps its range around 0.7250 amid thin year-end liquidity conditions.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD holds sizeable gains near 1.0900 on German fiscal optimism
EUR/USD clings to daily gains near 1.0900 in European trading on Tuesday. Improving market mood, a sustained US Dollar weakness and Germany's Greens predicting a spending deal this week help the pair push higher ahead of mid-tier US data.
GBP/USD stabilizes above 1.2900 on renewed USD weakness
GBP/USD trades in positive territory above 1.2900 on Tuesday. The pair advances as the US Dollar struggles to recover on growing concerns over the Trump administration's trade policy causing the US economy to tilt into recession.
Gold rises above $2,910; erases Monday's fall to one-week low
Gold reverses its direction following Monday's decline and trades above $2,910 on Tuesday. Investors remain worried about the potential economic fallout from US President Trump's tariffs, causing the USD to stay under pressure and supporting XAU/USD.
The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million
The crypto market continued its ongoing downleg as the week started, as its market cap capitalization reached a low of $2.44 trillion on Tuesday, levels not seen since early November.
Gold rises above $2,910; erases Monday's fall to one-week low
Gold reverses its direction following Monday's decline and trades above $2,910 on Tuesday. Investors remain worried about the potential economic fallout from US President Trump's tariffs, causing the USD to stay under pressure and supporting XAU/USD.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.