AUD/USD looks ahead at Chinese manufacturing PMI’s – BBH

FXStreet (Guatemala) – Analysts at Brown Brothers Harriman noted the forthcoming Chinese data that will be an influential factor in markets and subsequently could be effecting the price of AUD/USD.

Key Quotes:

“China reports official manufacturing PMI Wednesday, expected at 50.4 vs. 50.2 in May. “

“We note that the HSBC flash June manufacturing PMI rose to 49.6 from 49.2 final in May.”

“The stock market swoon is surely raising concerns.”

“Regardless of the market gyrations, however, we thought that this latest round of stimulus was the right response to soft economic data. More stimulus is likely to be seen in H2.”

Analysts at Brown Brothers Harriman noted the forthcoming Chinese data that will be an influential factor in markets and subsequently could be effecting the price of AUD/USD.

(Market News Provided by FXstreet)