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Australia's December PMI holds steady at 44.3, remaining in contraction territory for the 10th...

Australia's December PMI holds steady at 44.3, remaining in contraction territory for the 10th consecutive month. Among the "inhibitors" cited by respondents is, of course, the persistent strength in the aussie. Sydney rises 0.7% in its first chance to react to the big rally Monday in the U.S. Australia Index Fund (EWA) +17.3% in 2012. Australian Dollar Trust (FXA) +1.5% in 2012, +40% since its 2006 inception.
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