King Dollar humbled by disappointing data; Euro minced and diced

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The Dollar was close to surrendering all of Thursday’s gains after US Manufacturing PMI figures missed market expectations by falling to 51.2 last month.

American manufacturers grew in July at the slowest pace in three years thanks to US-China trade disputes hitting exports and eroding global growth. With manufacturers in the world’s largest economy caught in the trade war crossfire, expectations are likely to mount over the Fed coming to the rescue. This sentiment is being reflected in the Dollar Index which is retreating from a two year as of writing. Where the DXY concludes this week… Read More:

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