China Caixin PMI Services dropped from 48.4 to 46.7 in November, below expectation of 48.8. PMI Composite dropped from 48.3 to 47.0, signalling a third successive monthly contraction in business activity. The rate of decline was the strongest since May. Wang Zhe, Senior Economist at Caixin Insight Group said: “Manufacturing and services activity contracted in […]
The post China Caixin PMI services dropped to 46.7, third month of contraction appeared first on Action Forex.
Cruise ships have limited space, so in many cases adding something new means getting rid of something old. Those decisions can be tough because many cruisers like things to stay the same even if they Read more…
BoC Deputy Governor Rhys Mendes said in a speech today that “We no longer need interest rates to be as restrictive as they were,” which justified the larger rate reduction of 50 bps at this Read more…
The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day. Earlier, the Aussie dropped to low of Read more…