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macroJun 30, 2026, 1:32 AM

China's Manufacturing PMI Beats Expectations, Rising to 50.3 in June

China's official Manufacturing PMI rose to 50.3 in June, above the expected 50.1, signaling expansion. The stronger data may provide support for the Australian Dollar due to close trade ties.

AUDUSD

China's National Bureau of Statistics reported that the official Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in June, up from 50.0 in May and above the market consensus of 50.1.

A reading above 50 indicates expansion in the manufacturing sector. The better-than-expected data could lend support to the Australian Dollar, as China is Australia's largest trading partner. Traders will watch for further impact on AUDUSD.

Source: FXStreet Forex News