The Australian Dollar didn’t move much in session clearly thinned by the holidays on news that China’s manufacturing sector managed to stay in expansion territory this month. Its official Purchasing Managers Index was 50.2, a tick above the 50.1 level markets expected and exactly the same as November’s print. In the logic of PMIs and reading above 50 signifies an expansion for the sector. The latest edition will offer modest relief that the return to positive territory which started last month goes on, even if it remains very tentative. The PMI was below 50 for eight of 2019’s twelve months as trade war tensions, ... (full story)