Australia Private-Sector Sustains Expansion in May: PMI Report

Australia's private-sector expansion was sustained in May, supported mainly by service-sector growth and a flush of new business, reported S&P Global on Thursday, citing its monthly survey.

MT Newswires05:06 ET

US S&P Global PMIs Preview: Economic Expansion Set to Persist in May

On Thursday, S&P Global will issue its flash estimates of the United States (US) Purchasing Managers Indexes (PMIs), a monthly survey of business activity. The survey is separated into services and manufacturing output and aggregated into a single statistic, the Composite PMI.

FXStreet04:00 ET

Forex Today: US Dollar Loses Recovery Momentum, Eyes on PMI Surveys

The US Dollar (USD) Index seems to have entered a consolidation phase early Thursday after climbing to a weekly high near 105.00 on Tuesday.

FXStreet02:41 ET

Australia's Business Activity Accelerates in May, But Growth Eases to Three-Month Low

Business activity in Australia's private sector expanded further in May, albeit at a slower pace, with manufacturing output reaching an eight-month high and the services sector sustaining its growth, according to preliminary readings from S&P Global and Judo Bank's monthly purchasing managers' index data.

MT Newswires01:50 ET

GF Securities: Inflation is no longer the only consideration for the Fed to cut interest rates. We need to balance inflation and the job market

The Zhitong Finance App learned that Guangfa Securities released a research report saying that Federal Reserve officials generally believe that policy interest rates are in a reasonable position and still pay attention to the balance between the level of inflation and the job market. If inflation does not progress further, it is necessary to maintain high interest rates for a longer period of time; in addition, they support reducing the QT scale. The team believes that overall, the Federal Reserve still maintains a data-dependent strategy and has not given a definitive monetary policy path; however, the “central position” of its monetary policy stance has changed slightly: the statement in the minutes shows that inflation is no longer the only consideration for interest rate cuts; balancing inflation and the job market is. First, the Federal Reserve meets every year8

Zhitong Finance23:25 ET

Australian Dollar Rebounds Due to Improved Risk Appetite

The Australian Dollar (AUD) halts its three-day losing streak on Thursday, possibly driven by the improved risk appetite. However, the Aussie Dollar came under pressure following the Consumer Inflation Expectation, released by the Melbourne Institute. Consumer expectations of future inflation over the next 12 months fell to 4.1% in May from 4.6% in April, marking the lowest level since October 2021.

FXStreet23:01 ET