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China Flash PMI due at 11.45am has potential to be a big number for the Aussie Dollar today

CMC Markets

With the Aussie Dollar under pressure against the US last night, this morning's HSBC/Markit Flash PMI will be closely watched. Consensus expectation is for a read of 48.2, up from 47.7 last month. A lower read maybe bearish for the Aussie. Better than expected would encourage the view that China's economy is stabilizing and could see the Aussie supported.

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