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Fundamental Analysis Posted 1 hour ago

Australia Composite PMI Falls to 48.2; Services Sector Contracts

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Australia's PMI Composite dropped to 48.2 in October from 51.3, with Services contracting to 48.5 from 51.9—the weakest reading in seven months. The contraction signals slowing private-sector activity and mounting inflation pressures. AUD/USD likely to face downward pressure; watch for RBA policy implications as growth momentum weakens.
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