China HSBC Flash Manufacturing PMI for July … 11 month low … AUD lower
The PMI was very poor indeed, an 11-month low.
BUT – now the chatter is going to start about potential for stimulus measures from Chinese authorities (its started already).
AUD/USD falling rapidly on the weak China figure – horrible PMI
BUT – now the chatter is going to start about potential for stimulus measures from Chinese authorities (its started already).
AUD/USD falling rapidly on the weak China figure – horrible PMI

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