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FX Markets Shrug Off Weak Chinese PMI - But Will the Rally L

posted by Avatar fx360 663 days ago in USD, EUR, Daily made popular 663 days ago

Chinese PMI contracted for the first time in 17 months with the HSBC Manufacturing gauge printing at 49.4 versus 50.4 the period prior. The official PMI reading issued on Sunday saw a more modest decline to 51.2 from 52.1 in June. The data confirmed market expectations that Chinese economy is slowing as officials try to curb the country's real
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