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China PMI just above 50.00; misses expectations

China’s official manufacturing PMI for the month of February came at 50.1, slightly lower than the 50.5 expected. While the number maintains the 50.00 handle, perceived as the threshold that separates contraction from expansion in manufacturing activity, the 0.4 bp deviation may softly pressure the Aussie.

Forex: AUD/USD slightly weaker post-PMI China

AUD/USD slips slightly to the downside, last at 1.0207, with latest PMI China a bit lower than expected at 50.1, when estimated was at 50.2. The reaction in the pair is not very strong so far, coming lower from previous 1.0220 to the data, now about 30 more minutes away from final HSBC PMI.
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