Asian Session – Dollar lower on risk-off after weak China manufacturing PMI
Posted on November 2, 2015 at 8:48 am GMTAsian equity markets opened lower on Monday after weaker-than-expected China manufacturing PMI data on Sunday. The official manufacturing PMI in China was unchanged at 49.8 in October from a month earlier. This was below expectations that it would rise to 50 and the third month in-a-row of a reading below 50, which indicates shrinking activity. There was further evidence of Chinese manufacturers continuing to struggle with the release of the Caixin manufacturing PMI today. The private survey showed manufacturing activity [..]