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20 Jun 2013
Flash: AUD under pressure post China data - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that AUD has come under pressure following Chinese data.
He writes, “The high yielding Australian dollar has also come under further downward pressure overnight following more evidence of weakening economic growth momentum in China. The HSBC flash manufacturing PMI survey unexpectedly declined to 48.3 in June from 49.2 in May.”
He writes, “The high yielding Australian dollar has also come under further downward pressure overnight following more evidence of weakening economic growth momentum in China. The HSBC flash manufacturing PMI survey unexpectedly declined to 48.3 in June from 49.2 in May.”