China HSBC China Services PMI stays unchanged at 51.3 in July

Aug 5, 2013

AUD/USD closer to fresh 3-year lows

The AUD/USD foreign exchange rate is last trading at 0.8859, off recent fresh session and almost 3-year lows at 0.8847 printed on the back of lower than expected Australian retail trade numbers, with domestic markets closed over holiday.

HSBC China Services PMI shows modest expansion

A modest expansion of business activity in the HSBC China Services Business Activity Index was observed, according to HSBC, with the indicator printing a 51.3 in July, unchanged from the previous month.