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Chinese Data Shows More Policy Tightening to Come, Risk-Off

posted by Avatar FXTimes 379 days ago in Fundamental, Sentiment, Inflation made popular 379 days ago

The news and the implication that the People’s Bank of China would need to continue tightening undercut demand for commodities and Germany’s resistance to a second Greek bailout increased risk aversion. The dampening affect on risk appetite hurt commodity currencies like the AUD, CAD, and NZD, and the higher yielding EUR. If risk-off trading domina
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