China's Caixin Manufacturing PMI rose to 51.7 in May, signaling growth in Chinese manufacturing and positively impacting the Australian Dollar's value.

China's Caixin Manufacturing PMI rose to 51.7 in May, exceeding market consensus and indicating growth in Chinese manufacturing. This PMI data supports the sentiment around the Australian Dollar, as AUD/USD flirts with intraday highs near 0.6665. The healthy Chinese economy, as Australia's largest trading partner, positively impacts the Australian Dollar by increasing demand for Australian goods and services, boosting the AUD's value.