On Tuesday, the AUD/USD tumbled by 1.43% to end the day at $0.66130. A surprise RBA decision to leave the cash rate unchanged at 4.10% sent the Aussie to sub-$0.6650. This morning, AIG Manufacturing Index numbers for July will be in focus. The numbers are unlikely to impress when considering the disappointing numbers from China and Europe. Economists forecast the Index to fall from -19.8 to -22.0. The services sector has the most marked contribution to Australian GDP, circa 65%, while the manufacturing sector accounts for circa 25%. On this basis, the Index would have to see a more marked decline than forecasts to ... (full story)