马来亚银行外汇报告（7月1日）

　　There was a flurry of Asian data early morning today, particularly out Japan, China, Korea and

　　Indonesia. China’s lower than expected official PMI data this morning had limited impact on regionals but led to declines  in the AUD/USD.  China's official PMI fell to 50.9 in June from 52.0 in May, showing manufacturing activity growth slowing for the third consecutive month, but it  is  likely to be short-termish  in nature, as China may likely rebound in 3Q from inventory uptick and domestic recovery.  There is still expectation that China will raise rates to curb inflation.