A lot of bad data out today for the Aussie economy.
PMI 44.1
PPI 1.3%
AIG manufacturing index 35.8 - a shocker.
New home sales surprisingly strong at 6.2% against forecast -1.9%
This feeds in to the AUD and hence the fall.
The XGD is down 440 points today, almost half of the 1000 point fall expected.