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NZD/USD trades below 0.6100 following China's Caixin Manufacturing PMI
NZD/USD edges lower after registering more than 0.50% losses in the previous session, trading around 0.6090 during the Asian hours on Tuesday. The pair remains subdued following the release of the economic data from New Zealand and its close trading partner, China.
The private survey appeared to diverge from the country’s official PMI report, which showed manufacturing activity contracted ...
China's Caixin Manufacturing PMI returned to expansion, rising from 49.3 to 50.3 in October. New orders grew at the fastest rate in four months, indicating stronger domestic demand.
Liu, China's embassy spokesperson, said that "China's participation and leadership in globalization, as well as its manufacturing advantages, are the result of economic laws and the trend of ...
Chinese manufacturers have been grappling with a deepening price war, exacerbated by higher tariffs that dwarfed its ...
The U.S. can learn from the Chinese model. Strategic education, technology and infrastructure alignment will be critical to rebuilding its manufacturing base.
Manufacturing costs aound 30% more in the United States than China. But it's often the “total cost” that matters, including expenses such as shipping, tariffs, and currency rates.
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