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Risk Remains Bid, But US Data Key

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

Risk FX remained well bid on the first trading night of the week despite weaker Chinese PMI Manufacturing data that showed the first contraction in the index in 17 months. The HSBC Manufacturing gauge printed 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.
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