China data – HSBC/Markit Manufacturing PMI for September: 50.2 (vs. 51.2 flash reading and expected)
- Much weaker than the flash reading, but still a slight improvement from August
- New orders flat from previous month
- External demand improved
The AUD/USD is back near the day’s lows, still under selling pressure on bounces (it got above 0.9310 very briefly just prior to the release of this data).
Despite China being on holiday tomorrow we will get the ‘official’ manufacturing PMI.
