• In at 51.8 (up from 49.5 in July)
  • Strongest since March

From the HSBC/Markit report:

HSBC China service pmi for August 2013

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The positive inputs for the AUD just coming and coming, from China posting improved data over the past month, to the surging building approvals yesterday, the RBA moving away from an easing bias … to winning the Ashes! (I made up that last one).