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