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Chinese Manufacturing PMI Misses the Mark
Chinese Manufacturing PMI has come in at 49.7 versus 50.3 expected.
We had official Manufacturing PMI released early in the week and it missed the mark so there has been some interest in today’s number. Today’s data was from the private survey which is never as big as the official data.
The AUD/USD, which is a good proxy for China is now relatively unchanged on the data. US and Asian equity futures are selling off.
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