Result at 49.5

  • prior 49.10
  • and 49.10 was the market expectation

This was the best result for the HSBC/Markit China Manuf. PMI for eight months. While the sub-50 number is still in contractionary territory its improvement back up the official figure, which also showed improvement.

The EUR/USD has rallied immediately, it had slipped to 1.2946 & is now 1.2966. EUR/JPY (today’s notable performer, along with USD/JPY) is above session highs to 103.63, putting USD/JPY above 79.92.

The AUD, too, is back in the middle of today’s narow range, 1.0370, NZD .8219 & USD/CAD just below 1 again