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The Flash China Manufacturing PMI for November is out and is soft at 50.4 (50.9 in October). The internals show weakening momentum with new roders rolling over:
China’s momentum has peaked. The dollar got whacked below 93 cents:
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Glenn can send it into free fall below 92.8 support tonight.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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