so AUD is gone or what , would it break the 0.7 ??
Chinese manufacturing production increased slightly at the end of 2018, after stagnating in the prior two months. However, there were signs of softer demand conditions, as total new orders fell marginally, and companies reduced their output charges for the second month running. The latter was supported by the first drop in input costs for just over a year-and-ahalf. Looking ahead, business confidence was relatively subdued, and companies reduced their headcounts for the sixty-second month running. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a ... (full story)
Results of a private survey on China's manufacturing for the month of December showed factory activity contracted more than expected amid a trade dispute with the U.S. The Caixin/Markit Manufacturing Purchasing Managers' index (PMI), a private survey fell to 49.7 in December from 50.2 in November. Analysts' in a Reuters poll predicted the PMI to come in at 50.1 in December. A reading above 50 indicates expansion, while a reading below that level signals contraction. Economic data from the world's second-largest economy is being closely watched for signs of damage inflicted by the ongoing trade war between Washington ... (full story)