China PMI Weak

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.13 EUR 0.13 JPY 0.12 GBP -0.03 FX markets have be pretty quiet overnight, whilst Asian equity indices have gained back their losses from yesterday’s drop. The Nikkei is up +0.30%, Hang Seng +0.32% and Shanghai Composite +0.20. EURUSD edged higher to 1.3245 from 1.3180 while the USDJPY bounced around 83.15 and 83.45. China HSBC manufacturing PMI printed at 48.1 vs. 49.6 in February. The fifth sub-50 read has reignited… Read More …