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7 Jan 2015
Australian services PMI contracts yet again – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that Australia’s AiG services PMI contracted again for the 10th month, sending AUD/USD lower near the 0.80 handle.
Key Quotes
“Australia's AiG Services PMI remained in contraction for the 10th month but came off the lows, as "conditions deteriorated slower". Nonetheless, PSI figures suggest growth in Australian demand for goods and services "is likely to be very weak in the December quarter." AUD/USD traded as low as $0.8055, down about 40pips from the highs.”
Key Quotes
“Australia's AiG Services PMI remained in contraction for the 10th month but came off the lows, as "conditions deteriorated slower". Nonetheless, PSI figures suggest growth in Australian demand for goods and services "is likely to be very weak in the December quarter." AUD/USD traded as low as $0.8055, down about 40pips from the highs.”