Another Chinese Manufacturing Industry Meltdown? | Forex Blog: Piponomics

Another Chinese Manufacturing Industry Meltdown? | Forex Blog: Piponomics: "AUD/USD made a strong break below the .9700 long-term support level and tumbled by roughly a couple hundred pips when the index first dipped below the 50.0 mark back in May 2013. The following month saw another weak PMI reading, which pushed the pair lower by nearly 300 pips, then July’s 47.7 figure extended the selloff below the .9000 mark."

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