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China PMI in line with expectations

The Chinese NBS Manufacturing PMI for the month of April came at 50.6 vs 50.7 expected and 50.9 prior reading. The read is pretty much in line with expectations. Above 50 still indicates expansion int the sector.
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Forex: AUD/USD near highs after China PMI

The AUD/USD was barely moved following the Chinese manufacturing number, which came in line with expectations. Most speculators remain sidelined ahead of Wednesday's Fed monetary policy meeting.
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