A private gauge of China’s manufacturing activity bounced back into expansionary territory in June, as a temporary trade truce between Beijing and Washington eased some pressures on Chinese factories.

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.

China’s factory activity expanded in June, aided by a rise in new orders that incentivized higher output, a private survey said. The Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May,