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China's Caixin Manufacturing PMI unexpectedly contracts to 49.5 in October vs. 50.8 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly dropped to 45.5 in October, compared with September’s expansion of 50.6, the latest data published on Wednesday.

The market had expected a 50.8 readout.

more to come ...

China Caixin Manufacturing PMI registered at 49.5, below expectations (50.8) in October

China Caixin Manufacturing PMI registered at 49.5, below expectations (50.8) in October
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USD/CAD sits near one-year high, eyes 1.3900 ahead of the FOMC decision

The USD/CAD pair attracts some dip-buying during the Asian session on Wednesday and inches back closer to its highest level since October 2022 touched the previous day.
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