•China’s private, Caixin service-sector snapshot was dismal for September •The sector expanded but at its slowest rate for nearly two years •The Australian Dollar took the fall The Australian Dollar took a hit Monday when a key indicator of Chinese activity made a 21-month low. September’s service sector Purchasing Managers Index of China’s private sector concerns came in at 50.6, well below August’s 52.0. That put the composite PMI, which adds on the already-released manufacturing version, at 51.4 - a three-month low. Caixin’s manufacturing PMI was released on September 30 and showed a slight pullback, to 51.0 from ... (full story)