REDATOR Ben Graham Posted September 1, 2025 REDATOR Report Share Posted September 1, 2025 The Australian dollar is coming off a positive week and has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6556, up 0.27% on the day. Earlier, the Aussie rose as high as 0.6560, its highest level since August 11. With US markets closed for Labor Day, we're unlikely to see stronger movement from AUD/USD during the day.China's weak manufacturing could hurt Australian dollarChina's manufacturing sector continues to contract and that could spell trouble for the Australian economy and the Aussie. China's manufacturing PMI for August inched higher to 49.4 from 49.3 in August. This missed the market forecast of 49.5 and marked the fight straight month of contraction in manufacturing. The manufacturing industry has been dampened by weak global demand and US tariffs on Chinese products. The drop in manufacturing activity means there has been less demand for iron ore from Australia, which is used in the production of steel. This has resulted in a decline in iron ore prices, which has weighed on the Australian dollar and dampened Australia's export-reliant economy.US PCE core inflation rises to 2.9%The US core personal consumption expenditures price index (core PCE), the Federal Reserve's preferred inflation indicator, ticked higher to 2.9% in July, up from 2.8% in June. This matched the market estimate and was a five-month high. Monthly, core PCE rose 0.3%, unchanged from June and in line with the market estimate.The slight rise in US core inflation has raised expectations of a rate cut at the Fed's September 17 meeting to 89%, up from 86% just before the core PCE release on Friday.AUD/USD Technical AUD/USD is testing resistance at 06552. Above, there is resistance at 0.6563 and 0.65780.6537 and 0.6526 are providing support AUDUSD 1-Day Chart, September 1, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc. Visitante_82841ec9 1 1 Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Gostei! × 💬 Gostou do conteúdo? Sua avaliação é muito importante! Gostei! Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Quote Link to comment Share on other sites More sharing options...
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