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team Graham Parlane

Chart of Interest - China PMI & AUD

Posted by Graham Parlane on 23 November 2012

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.

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