News Headline Summary

Chinese Manufacturing PMI (Jan) M/M 50.4 vs. Exp. 51.0 (Prev. 50.6)

- The sample size for the survey had been increased to 3,000 firms from the previous 820 across 31 industries from Jan.1.

Reaction details (01:17)

- One minute after, AUD/USD moved lower by 19 pips from 1.0434 to 1.0415.
- WTI immediately moved lower by USD 0.03 from USD 97.62 to USD 97.59. 5 minutes later, it has continued to move lower to USD 97.46.

Analysis details (01:12)

- The data underscores the economy is making only a mild recovery from its weakest year since 1999.
- Focus shifts to the HSBC Manufacturing PMI Final reading at 0145GMT.

01 Feb 2013 - 01:00 - Forex Data - Source: Newswires

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