The Australian Dollar has started the week on the back foot after the release of PMI data today. The January numbers show the IHS Markit Australian Composite PMI fell to 45.3 from 54.9 previously. The services sector saw a similar decline to 45.0 against the prior read of 55.1 but the manufacturing PMI held 55.3, down slightly from 57.7 for December. This is likely due to the impact of the spread of Omicron disrupting business activity with case numbers continuing to soar. Australia’s ASX 200 fell 2.27% on Friday and it has opened 0.7% lower to start Monday morning. The Australian Dollar also fell 0.57% on Friday and ... (full story)