Please click on the link above.
On Friday 24 January, the currencies of Argentina, Turkey, Brazil, South
Africa, India and Russia all slumped in value following the flash print of the
HSBC Chinese manufacturing index, which pointed to the first contraction in the
sector in six months. This triggered a sell-off in riskier assets globally and
saw the Australian dollar, which is seen by some as a proxy for global risk
appetite, fall to a 3.5 year low against the US dollar.