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Australia dollar down despite upbeat NAB survey, China PMI
The Australian dollar fell on Thursday despite mildly upbeat data from a bank business survey and one on manufacturing in China. AUD/USD traded at 0.8756, down 0.25%, while USD/JPY held at 107.26, up 0.10%. Business confidence in Australia held at plus 3 in the third quarter, while conditions rose to plus 3 from plus 1 in the second quarter, according to a NAB survey. In China, the HSBC flash manufacturing index for October came in at 50.4, a nudge higher than 50.2 for the final in September. "The HSBC China Manufacturing PMI improved to 50.4 in the flash reading for October - up from 50.2 in the final reading for ... (full story)
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