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China's September Caixin Manufacturing PMI contracts to 49.3, Services PMI drops to 50.3

FXStreetSep 30, 2024 1:46 AM

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China's Caixin Manufacturing Purchasing Managers' Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday.

Meanwhile, the Chinese Caixin Services PMI dropped sharply to 50.3 in September from August’s 51.6.

AUD/USD reaction to China’s Caixin PMI data

At the time of writing, the AUD/USD pair is paring back gains to trade near 0.6920, still up 0.27% on the day.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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