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China's manufacturing PMI stabilizes at 51.4

FXstreet.com (Barcelona) - China's NBS Manufacturing PMI for the month of October came at 51.4 vs 51.2 expected and 51.1 prior. The number is indicative of a certain stabilization in the Chinese manufacturing sector, after recovering the 50 expansionary territory earlier on the year. At 0145, HSBC reading for October manufacturing PMI is due.

AUD/USD reaches 0.9480 highs on Chinese data

AUD/USD strengthened on better than expected Chinese results, fueling the already bullish sentiment across the markets towards the Aussie.
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