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2 Jan 2025

China's Caixin Manufacturing PMI unexpectedly drops to 50.5 in December vs. 51.7 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly fell to 50.5 in December after recording 51.5 in November, the latest data showed on Thursday.

The market forecast was for a 51.7 reading in the reported month.

more to come ....

Jan 2, 2025

China Caixin Manufacturing PMI came in at 50.5 below forecasts (51.7) in December

China Caixin Manufacturing PMI came in at 50.5 below forecasts (51.7) in December
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Jan 2, 2025

USD/INR strengthens ahead of India’s Manufacturing PMI data

The Indian Rupee (INR) remains weak on Thursday. The reasons attributed to the weakening in the local currency are an increase in demand for US Dollar (USD) from importers, a higher 10-year US Treasury yield and concerns about India's slowing economic growth.
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