Implications from the weaker China PMI - Westpac

FXStreet (Bali) - Jonathan Cavenagh, FX Strategist at Westpac, looks at the market implications from the weaker China PMI print over the weeken.

Key Quotes

"We note that the weaker China PMI is likely to reinforce the market's current negative bias towards commodity currencies and those linked closely to the China growth story."

"While the AUD is likely to see the largest fallout, currencies like MYR, KRW, SGD and TWD are also likely to trade weaker against the USD in the near term,"