Forex News | Currency News by Forexlive
China’s official PMI due out in 45 minutes
The market is expecting a number around 50.2.
Any number above 50 indicates expansion in the manufacturing sector so growth has obviously slowed. The HSBC flash PMI last week came in at 48.9 and if that trend carries over into the official data then we might see a lower-than-expected number which would be bearish for the AUD in particular.
Nikkei opens +0.75%, Kospi +1.25% higher
Early Tokyo is also encouraged by the signs out of Washington and USD/JPY is easing higher. The CFTC figures from last week showed JPY longs at very high levels so it is no surprise to see some profit taking first up.

AUTOREFRESH 


Recent Comments: