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European Market Update: UK PMI Manufacturing Moves Into Contraction For 1st Time In Over 3 ...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 3, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD currency continued its multi-day sell-off among the major pairs. Overall a perceived delay the timing of the next Fed rate hike was cited as being the main catalyst for the greenbacks decline. The USD/JPY continued to hit fresh 18-month lows as the pair tested below the 106 level. Dealers[​IMG]

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