Dollar breakdown with risk-on

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Rebound optimism is in the summer air as PMI releases across the globe are pointing to a continuation of the economic recovery this month. Data in Japan, Australia and the Eurozone are pushing stock markets higher once more with the S&P500 endeavouring to break out of its recent range.

The Eurozone saw solid PMI beats with large gains in the services sector helping to beat economists’ forecasts and France now moving into expansionary territory. UK PMI numbers also exceeded expectations with manufacturing climbing into expansionary territory and the key services sector recording a… Read More:

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