The manufacturing slowdown continues in December and points to a weak ending for 2014. The rising disinflationary pressures, which fundamentally reflect weak demand, warrant further monetary easing in the coming months.
Earlier this morning, RBA released its Meeting Minutes which were of no major impact on the markets. It was once again repeated that interest rates would stay stable for a period, giving mixed view on the economy.
After the figures, Aussie initially went down but found area around 0.82 handle to be supportive in order to rebound and currently being traded few points above 0.8220 level.
