The Australian dollar strengthened against other major currencies in the Asian session on Monday, after data showed that the manufacturing sector in Australia continued to expand in March, and at a faster pace.
Data from the S&P Global showed that the manufacturing sector in Australia continued to expand in March, and at a faster pace, with a manufacturing PMI score of 52.6.
That's up from 50.4 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.