Australia's S&P Global Manufacturing PMI rises in June: What 51.2 means for AUD/USD
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) rose to 51.2 in June versus 50.7 prior, the latest data published by S&P Global showed on Tuesday.
Australia’s S&P Global Services PMI climbed to 49.9 in June from the previous reading of 48.7, while the Composite PMI jumped to 49.8 in June versus 48.7 prior.
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.38% | -0.11% | 0.16% | 0.02% | 0.16% | 0.42% | 0.19% | |
| EUR | -0.38% | -0.49% | -0.22% | -0.38% | -0.18% | 0.07% | -0.19% | |
| GBP | 0.11% | 0.49% | 0.28% | 0.13% | 0.30% | 0.55% | 0.31% | |
| JPY | -0.16% | 0.22% | -0.28% | -0.14% | 0.00% | 0.26% | 0.05% | |
| CAD | -0.02% | 0.38% | -0.13% | 0.14% | 0.14% | 0.39% | 0.20% | |
| AUD | -0.16% | 0.18% | -0.30% | -0.01% | -0.14% | 0.28% | 0.04% | |
| NZD | -0.42% | -0.07% | -0.55% | -0.26% | -0.39% | -0.28% | -0.22% | |
| CHF | -0.19% | 0.19% | -0.31% | -0.05% | -0.20% | -0.04% | 0.22% |
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 Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
What do Australia’s S&P Global Manufacturing PMI data mean for the Australian Dollar?
Australia’s S&P Global Manufacturing PMI is a leading indicator gauging business activity in Australia’s manufacturing sector. The stronger-than-expected figure is seen as bullish on the Australian Dollar (AUD).
When a PMI reading lands firmly above the 50.0 expansion line or significantly beats market forecasts, it signals a robust, accelerating domestic economy. Strong economic momentum could reinforce the Reserve Bank of Australia (RBA) to hike the interest rate.
Technical Analysis: AUD/USD keeps the bearish vibe in near term
In the daily chart, AUD/USD keeps a bearish near-term tone as spot holds beneath the 100-day simple moving average (SMA) and the Bollinger middle band. The pair is now gravitating toward the lower half of the recent Bollinger envelope, while the Relative Strength Index (14) at 36 hovers near the edge of oversold territory, suggesting persistent downside pressure but with risks of a short-term pause rather than an immediate collapse.
On the topside, initial resistance emerges in the 0.7083–0.7085 area, where the Bollinger middle band and the 100-day SMA cluster to cap recovery attempts, with a stronger hurdle at the Bollinger upper band near 0.7212 if buyers manage a deeper squeeze. On the downside, the first notable support is aligned with the Bollinger lower band around 0.6953, and a clear break below that floor would reinforce the prevailing bearish bias and expose lower levels on the daily horizon.
(The technical analysis of this story was written with the help of an AI tool.)
Economic Indicator
S&P Global Manufacturing PMI
The Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by S&P Global, is a leading indicator gauging business activity in Australia’s manufacturing sector. The data is derived from surveys of senior executives at private-sector companies. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the Australian Dollar (AUD). Meanwhile, a reading below 50 signals that activity among goods producers is generally declining, which is seen as bearish for AUD.
Read more.Last release: Sun May 31, 2026 23:00
Frequency: Monthly
Actual: 50.7
Consensus: 50.2
Previous: 50.2
Source: S&P Global
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
추천 기사
