China Caixin Manufacturing PMI: Contracts to 50.4 from 51.7, AUD bears in play

The Caixin China Manufacturing PMI has been released as follows:

• July: 50.4 (exp 51.5; prev 51.7).

AUD/USD is a touch softer on the data. 

More to come...

About China Caixin PMI

The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.