AUD/USD – HSBC Manufacturing PMI better than Chinese official PMI

HSBC PMI Manufacturing came in at 52.3 for January, better than 52.0 expected and 51.5 previous. On the other hand, Chinese official figures reflected a slower growth, coming in at 50.4 vs 51.0 expected, and 50.6 previous. This is a rare occurrence, with HSBC research generally showing lower figures…

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AUD/USD – HSBC Manufacturing PMI better than Chinese official PMI