Quick overview of Asian trade
- China official services PMI 55.6, up from 55.5 last month:
- HSBC manufacturing PMI 50.5:
- Australian retail sales flat; job ads -2.9%; company profits -2.9%:
- Market pricing in 90% chance of rate cut by RBA tomorrow:
- AUD fell across the board after poor domestic data:
- EUR rallied on improved risk sentiment after Chinese PMI:
- EUR/AUD obviously one of main movers on the day after stops triggered above 1.2500:
- USD/JPY has traded in tight range around 82.40.