CHINA FLASH PMI SUGGESTS DOWNSIDE TO OFFICIAL NUMBER
• A sub‐50 print looks well within the realm of possibility for China’s official July manufacturing PMI after the ‘flash’.
• India refines and tightens onshore liquidity rules further to cap INR pressure.
• Bank Indonesia explains current near term IDR volatility in press statement, attempting to instill calm into the market.
Read the full report: FX Daily
Scotiabank