Markets slump on weak Chinese manufacturing report

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    US stock markets posted steep losses in the first trading day of 2016 on Monday as global slowdown concerns undermined investor confidence. The dollar strengthened, live dollar index data indicate the ICE US Dollar Index, a measure of the dollar’s value against a basket of six major currencies, edged up 0.2% to 98.837. The Dow Jones Industrial Average fell 1.58%, recording the worst start to a year since 2008. Investors sold off risky assets and bought haven assets like Treasuries and gold

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