China's Caixin manufacturing PMI unexpectedly returns to expansion in August, Aussie erases losses

China's August Caixin manufacturing PMI came in at 50.4 vs. 49.8 expected and 49.9 last, as operating conditions improved slightly last month.

On Saturday, the purchasing managers' index (PMI) for China's manufacturing sector arrived at 49.5 in August, down from 49.7 in July, the National Bureau of Statistics (NBS) reported.