The Caixin flash manufacturing purchasing managers’ indicator for September disappointing with a drop to 47 points, a new cycle low (since March 2009, a 78 month low), under the 47.6 points expected and also ticking under 47.3 seen in August.
AUD/USD reacted with an immediate fall from 0.7080 to 0.7030 extending previous falls. It then found support at 0.7020 but the bounce was minimal.
Read the rest of the article AUD/USD tumbles down to the 0.70 handle after weak Chinese data