Some New Year's Day data from China, Manufacturing PMI (December): 49.7
- expected is 49.8, prior was 49.6
Non-manufacturing PMI: 54.4
- prior was 53.6
The manufacturing PMI is ever so slightly weaker than expected, while the services PMI is a solid beat on the previous month's result. These should be fairly neutral for the AUD come Monday morning's forex market reopening for the year.
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This is the official PMI data for December from the China Federation of Logistics and Purchasing, and the National Bureau of Statistics.
The (private) Caixin / Markit PMI is due on Monday, 4 January at 0145GMT:
- expected is 48.9, prior was 48.6
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And, let me take this opportunity to wish all ForexLive traders a very Happy New Year!