Money Matters
Chart of Interest - China PMI & AUD
Hi all
A lovely look at the components of yesterday’s Chinese Flash PMI. Note the big jump in export orders.
The 2nd chart is an overlay of the Chinese PMI plotted against the AUD/USD. 7 years of correlation suggest the PMI will lead AUD higher in coming days.
China PMI vs AUDUSD – click here to view charts
Cheers G.