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Forex News | Currency News by Forexlive

China November official PMI 49.0

That’s down from 50.4 in October.

Any number below 50 indicates contraction in the manufacturing industry.

The AUD/USD has rallied marginally after the release, strangely enough.

By   || December 1, 2011 at 01:02 GMT
Category: All, Asia || Tags: || 5 comments || Add comment

AUD/USD slides as Tokyo sells

Well you can’t say you weren’t warned. Typical Asian trade, selling against the strong overnight trend, and the weaker than expected domestic data is also weighing. Next risk event is the Chinese PMI, due out in 10 minutes.

EUR/USD is trading quietly around 1.3440 with little interest being shown there

By   || December 1, 2011 at 00:48 GMT
Category: All, Asia || Tags: || 3 comments || Add comment

Australian retail sales +0.2% MoM (+0.4% expected)

The AUD/USD has slid towards 1.0225 on this worse than expected number.

Building approvals were also weak, -11% MoM.

By   || December 1, 2011 at 00:46 GMT
Category: All, Asia || Tags: , || 0 comments || Add comment

Nikkei opens +1.75%; Kospi +3.5%

By   || December 1, 2011 at 00:03 GMT
Category: All, Asia || Tags: || 1 comment || Add comment

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