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31 Mar 2020

Breaking: China PMIs arrive at 52.0 (Reuters poll 45.0) vs 35.7 in February

China march official manufacturing PMI at 52.0 (Reuters poll 45.0) vs 35.7 in February.

CHINA MARCH OFFICIAL SERVICES PMI RISES TO 52.3 VS FEBRUARY 29.6

More to come...

Description

The Manufacturing Purchasing Managers Index (PMI) released by the China Federation of Logistics and Purchasing (CFLP) studies business conditions in the Chinese manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market.

Mar 31, 2020

China Non-Manufacturing PMI came in at 52.3, above forecasts (37.8) in March

AUD/USD recovers from a sudden slump after upbeat China PMI

Following its flash crash drop from 0.6190 to 0.6080, AUD/USD bounces back to 0.6165 amid the Asian session on Tuesday. While a fat finger is most lik