Mirabile dictu! The PMI moves the Australian dollar!

Is that a small dump in the Aussie on the PMI?

Nah, just a general risk off move.


  1. I shorted AUD at 9pm last night and she started to really go at 1am. By 8am it had fallen 0.3% and you are correct, the PMI did push it down anther 0.3% but it has bounced back now 0.3%.

    Risk yo-yo.