BOOM: China PMI Unexpectedly Rises, Aussie Dollar Spikes

That hard landing in China will have to wait another month.

Chinese PMI just came in at 50.5 vs. expectations of 49.6.

That’s still in improvement territory, and it also is an increase from last month’s 50.3. So good news all around.

And here’s the spike in the Aussie dollar via FinViz.

chart

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