China PMI Survey Buoys Risk Sentiment, Boosts Australian Dollar Higher

Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
EUR 0.52
GBP 0.50
JPY -0.20
CHF -0.28
With Asian markets returning to normality after the holidays (albeit with Japan still out), risk appetite has started strongly. Most risk currencies and Asian equity indices are trading higher this morning, buoyed in part by the strong Chinese non-manufacturing PMI released this morning. The survey increased to 56.0 in December, up from 49.7 in November – and follows an unexpectedly strong…

Read More …

Like it? Digg It | Reddit | FB Share | Tweet It