Weak China data weigh on markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    US stocks ended lower on Tuesday as market sentiment was undermined by weak China import data. The dollar slipped against most major currencies as dovish comments by Federal Reserve policymakers on Tuesday relieved fears of interest rate hike. The ICE dollar index, a measure of the dollar’s strength against a basket of six currencies, fell to 94.74 from 94.85. S&P 500 fell 0.7% but closed above 2,000 level at 2,003.69, with all ten sectors declining led by health care and industrial stocks.

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