China NBS Manufacturing PMI eases to 51.9, AUD/USD crosses 0.7700

China’s official Manufacturing Purchasing Manager’s Index (PMI) eases to 51.9 in December from November’s 52.1 while nearing the consensus forecast of 52.0.

Meanwhile, the official Non-Manufacturing Purchasing Manager’s Index (PMI) jumped to 55.7 in December vs. 52.4 expected and 56.4 last.

Market reaction

AUD/USD pierces 0.7700 while taking the bids following the news.