Epic Research Singapore : Forex Market Update

The dollar jumped against the Australian dollar on Thursday, after the preliminary reading of China’s manufacturing data from HSBC disappointed investors and sent most Asian equities into dive, while the euro advanced ahead of upcoming Eurozone flash PMI reports.
The Australian dollar  took a big hit from the downbeat China data, falling to 89.64 U.S. cents from 90.04 U.S. cents late Wednesday. The currency is often sensitive to data from China, which is the biggest export market for Australia.
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