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AUD Trades Higher Despite Weak Capex

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 1, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    AUD crosses rallied strongly in overnight trading as China's manufacturing PMI rose to 50.4 in August from 49.9 in the previous month. The stabilisation of the Chinese manufacturing sector suggests that more stimulus is not required for the moment, which will allow the government to focus on eliminating overcapacity and[​IMG]

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