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Fundamental Forex Analysis

China’s factory activity to stall in January as coronavirus adds to risks

According to the median forecasts of 29 economists, surveyed by Reuters, China’s manufacturing sector is likely to see a pause in expansion this month amid the China coronavirus outbreak.

Key Findings:

The official Purchasing Managers’ Index (PMI) for January is expected to fall to a neutral 50.0 from 50.2 in December. The 50-mark separates expansion from contraction on a monthly basis.

The timing of the long Lunar New Year holiday, which began on Jan. 25 this year, had already been expected to dampen factory activity to some extent after a stronger-than-expected showing in December.

 The data is expected to be released on Friday.

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