China's PMI, Good News Bad News

China's purchasing managers' index (PMI) was just released and it clocked in at a seven-month high of 55.2 in November from 54.7 in October. The good news is that China's economy continues to expand, which is good for the global economy. The bad news is that it opens the door to more inflationary pressure in the pipeline which will require more monetary tightening. This will continue to pressure AUD/USD lower.