The theme of the day was poor PMIs and now the Australian dollar is suffering

The economic data today was all about global PMIs from S&P Global and there was a similar theme in all of them:Germany July flash manufacturing PMI 49.2 vs 50.6 expectedFrance July flash services PMI 52.1 vs 52.7 expectedEurozone July flash services PMI 50.6 vs 52.0 expectedUK July flash services PMI 53.3 vs 53.0 expectedAustralia July flash Manufacturing PMI 55.7 (prior 56.2) & Services 50.4 (prior 52.6)Japan Jibun Markit preliminary manufacturing PMI July 52.2 (prior 52.7)US services PMI 47.0 vs 52.6 expected

Each one aside from the UK disappointed.

Steve Walker

Learn More →

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.