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Australia's June PMI bounces 4.8 points from May, but still points to contraction at 47.2. Not a...

Australia's June PMI bounces 4.8 points from May, but still points to contraction at 47.2. Not a great combination, wages and input costs continue a solid rise (59.4) as output costs continue a sharp decline (41.8).  The aussie rose on the print, but has since given back gains, +0.1% to $1.0247. Sydney puts in a middling (considering Friday's fireworks) rally, +0.9%.
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  • jcm1945
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    Investor in EWA.
    2 Jul 2012, 09:32 AM Reply Like
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