Asia's August manufacturing PMIs showed continuous weakness in the region, with 6 out of 9 country PMIs in contraction territory, reported by Fxstreet. Only Thailand, Philippines, and India were at or above 50.
GDP made Asia PMIs moved lower, for 3 straight months. China PMI also moved lower, further into contraction territory.
Korea and Singapore registered increases in their PMIs, while the biggest declines were seen in India (-1.1).
Therefore, it is expected that the published data continues to support further policy easing in the region; and Asian currencies to remain under pressure.