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31 Jul 2021

China's NBS Manufacturing PMI drops to 50.4 in July vs. 50.8 expected

The purchasing managers' index (PMI) for China's manufacturing sector dropped to 50.4 in July from 50.9 in June, the latest data published by the National Bureau of Statistics (NBS) showed Saturday. The actual data missed the consensus estimate of 50.8. 

Meanwhile, the Non-Manufacturing PMI eased slightly to 53.3 in July from 53.5 in June. A reading above 50 indicates expansion, while a reading below suggests contraction.

Discouraging NBS PMI numbers could strengthen the offered tone around the Aussie dollar, which could drag AUD/USD further towards 0.7300.  

Jul 31, 2021

China Non-Manufacturing PMI: 53.3 (July) vs previous 53.5

China Non-Manufacturing PMI: 53.3 (July) vs previous 53.5
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Aug 1, 2021

Forex Today: Dollar to remain on the losing side

What you need to know on Monday, August 2: The American dollar got to advance on Friday, although ended the week with losses against its major rivals.
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