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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by Kaitlin, Jun 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The American dollar remained under selling pressure, on decreasing expectations of a Fed rate hike next June, following another round of US soft data. The Markit Manufacturing PMI for May came in at 50.7, above the previously estimated 50.5, but down from 50.8 in April, pointing to the weakest manufacturing[​IMG]

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