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China PMI comes below expectations

FXstreet.com (Barcelona) - China’s manufacturing PMI rose from 50.1 in February to 50.9 in March, however, the reading was below expectations of 52.00 according to a Reuters poll, and more moderate 51.2 expectations from other industry site. The data, released by the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, , indicates that growth momentum of the manufacturing sector in China continues to show only mild progress.

Forex: AUD/USD below 1.04 after disappointing China PMI

AUD/USD breaks a little bit to the downside last at 1.0390 on the back of disappointing China PMI Manufacturing coming out at 50.9 when 52 was expected. Not much of a move though so far, given data is above key 50 figure for sixth consecutive month. China HSBC final PMI Manufacturing data will be next at 01:45 GMT as next risk event of the session.
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Forex: EUR/USD falls to 1.2780, new session low

The EUR/USD is sliding in the Asian session, down over 30 pips from an open at 1.2810 to currently stall the fall around 1.2780. On the downside, no clear area of demand is seen until 1.2770, as per rise from March 28 mid European session - although not fresh -, while on the upside, 1.28/2810 sees new fresh supply area recently created.
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