Created
: 2025.09.23
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Australia's S&P Global Manufacturing PMI declines to 51.6 in September
World FX news
Breaking news
Australia's S&P Global Manufacturing PMI declines to 51.6 in September
New
2025.09.23 08:04
2025.09.23 08:04
2025.09.23 08:04
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in September versus 53.0 prior, the latest data published by S&P Global showed on Tuesday.
More to come...
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.
Last updated
: 2025.09.23
Related articles
USD/CHF nears 0.7950 amid broad-based US Dollar's strength
43 minutes agoUSD/JPY jumps to near 148.30 as Fed Powell's caution on rate cuts boosts US Dollar
2025.09.24 18:33EUR/GBP eases to 0.8730 lows as German busines sentiment worsens
2025.09.24 18:01EUR/JPY moves sideways around 174.50 following disappointing German IFO data
2025.09.24 17:54AUD/USD jumps to near 0.6630 even as US Dollar trades firmly
2025.09.24 17:46Pound Sterling weakens amid disappointing UK economic data
2025.09.24 17:14
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF nears 0.7950 amid broad-based US Dollar's strength
The US Dollar accelerated its recovery against the Swiss Franc on Wednesday, reaching session lows above 0.7940.
New
2025.09.24 18:51USD/JPY jumps to near 148.30 as Fed Powell's caution on rate cuts boosts US Dollar
The USD/JPY pair trades 0.45% higher to near 148.30 during the European trading session on Wednesday.
New
2025.09.24 18:33Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
New
2025.09.24 18:30EUR/GBP eases to 0.8730 lows as German busines sentiment worsens
The Euro is trading lower across the board following an unexpected decline in the German IFO Business Climate Index on Wednesday.
New
2025.09.24 18:01EUR/JPY moves sideways around 174.50 following disappointing German IFO data
EUR/JPY maintains its position near the 14-month high of 174.65 during the European hours on Wednesday. The currency cross moves sideways after the release of the disappointing headline German IFO Business Climate Index, which unexpectedly fell to 87.7 in September from 89.0 in August.
New
2025.09.24 17:54AUD/USD jumps to near 0.6630 even as US Dollar trades firmly
The AUD/USD pair climbs to near 0.6630 during the European trading session on Wednesday. The Aussie pair strengthens, even as the US Dollar (USD) trades firmly, following comments from Federal Reserve (Fed) Chair Jerome Powell on Tuesday in which he reiterated caution on further interest rate cuts.
New
2025.09.24 17:46Pound Sterling weakens amid disappointing UK economic data
The Pound Sterling (GBP) declines to near 1.3485 against the US Dollar (USD) during the European trading session on Wednesday.
New
2025.09.24 17:14WTI Price Forecast: Tests 50-day EMA barrier after breaking above $63.50
West Texas Intermediate (WTI) Oil price extends its gains for the second successive session, trading around $63.60 per barrel during the European hours on Wednesday.
New
2025.09.24 17:11Dow Jones Futures hesitate as markets turn cautious
Dow Jones Index futures are wavering near Tuesday's closing levels, around the 46,300 area, during the early European session on Wednesday.
New
2025.09.24 17:06Silver Price Forecast: XAG/USD rebounds above $44.00 near 14-year highs
Silver price (XAG/USD) recovers its daily losses, trading around $44.10 per troy ounce during the European hours on Wednesday.
New
2025.09.24 16:36Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
