| Forex News Center | | | JPY News Archive |
JPY Daily News
Weak Chinese PMI Hurts AUD
Thursday, 24 Nov 2011
Yesterday's release of the Chinese PMI manufacturing survey showed a sharp drop in the November numbers, falling to 48 from 51 to a 32 month low and far below the 50 boom/bust level. The disappointing data release is another sign of the cooling Chinese economy.
The weak survey numbers have put pressure on the AUD which is off sharply versus the USD. The potential restructuring of the Dexia bailout and a disappointing German bund auction did little to support the high yielding Australian dollar. With the USD continuing to strengthen and the situation in Europe intensifying the October low of 0.9385 looks more vulnerable. A decisive breach below the Q3 low of 0.9700 will support additional AUD selling.
Current Time: 05/27 00:00 GMT
Add events to google calendar
Mark all
Unmark all
Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/24 | ||||||||
| 23:30 | JPY |  Tokyo Core CPI | y/y | -0.4% | -0.3% | -0.5% |  | |
| 23:30 | JPY | National Core CPI | y/y | 0.2% | -0.1% | -0.1% |  | |
| 23:30 | JPY | CSPI | y/y | -0.1% | 0.0% | 0.1% | | |
