AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default

<p>CAD lower also. EUR and GBP dribbling along lonwer for the ride too. </p><p>China's PMI was ugly:</p><ul><li><a href="https://www.forexlive.com/news/chinese-caixin-services-pmi-for-august-518-expected-536-prior-541-20230905/" target="_blank" rel="follow" data-article-link="true">Chinese Caixin Services PMI for August 51.8 (expected 53.6, prior 54.1)</a></li></ul><p>And Country Garden has a coupon payment due today, a USD one, that it missed in early August – the 'grace period' expires in the hours ahead.:</p><ul><li><a href="https://www.forexlive.com/news/chinese-developer-country-garden-has-only-hours-to-meet-us225mn-payments-20230905/" target="_blank" rel="follow" data-article-link="true">Chinese developer Country Garden has only hours to meet US$22.5mn payments</a></li></ul><p>In addition to those currencies above, Chinese shares are down also:</p><p>SSE is Shanghai Composite in the screenshot above. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.