Market implications from the China rate cut - Westpac

The surprising PBOC rate cut over the weekend, according to Westpac's FX Strategist Jonathan Cavenagh, should reinforce the upside bias in USD/CNY/CNH.
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Australia's AIG PMI shows third month of contraction

Australia's AIG Performance of Manufacturing index for February came at 45.4 vs 49, representing a three consecutive months of contraction.
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