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Dollar Drops At Start of New Year as Risk Flows Return

posted by Avatar fx360 873 days ago in USD, Technical, Daily made popular 873 days ago

Strong manufacturing data from China and UK helped to reverse an early Asian session sell off in risk FX as currency markets saw further evidence of global economic recovery on the first trading day of the new year. Data for December showed that Chinese PMI rose to an all time high of 56.1 as export demand, new orders and employment subcomponents
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