Two data were released in the evening.
They are: manufacturing and service PMI.
Both data are negative beyond expectations. Let's take a look at the impact on the market:
1. Data situation
Service PMI, expected value: 53.7, announced value: 55.1.
Announced > expected, negative;
Manufacturing PMI, expected value: 51, announced value: 51.7.
Announced > expected, negative.
2. Operation suggestions
PMI is not as influential as CPI and non-agricultural, but it also has negative impact.
However, many currencies have experienced a wave of declines, and further reduction of positions is no longer necessary.
#PMI