China's manufacturing PMI improved in August but remains in contraction. Baby steps for this data series it seems:
There was some data from Australia also, the capex data was especially encouraging. Supply chain snarl easing greased the wheels for a boost to business investment:
- Australian data - Private sector credit in July +0.3% m/m from +0.3% in June
- Australian data - Q2 Capex headline rose 2.8% vs. +1.2% expected
AUD/USD popped a few points, NZD/USD up also:
