AUD flips the switch to bid on China stimulus hopes up ...Middle East

The poor China data earlier:China November PMIs: Manufacturing 49.4 (expected 49.7) Services 50.2 (expected 51.1)After it hit there was a small response lower for AUD (a key China-proxy trade) and also oil on demand concerns:Oil prices edge down ahead of OPEC+ meeting as demand concerns resurfaceThe thing about poor data from China is it doesn't usually take long to kick start talk of more stimulus to come. That's begun and AUD, and oil, as two examples are catching a bit of a bid on this chatter. AUD/USD: This article was written by Eamonn Sheridan at www.forexlive.com.

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AUD flips the switch to bid on China stimulus hopes up ...Middle East

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