Today saw the US Dollar holding on to most of yesterday’s gains and the Yen slide later in the session as Chinese manufacturing rose for a fourth consecutive month, increasing demand for riskier, higher yielding assets. Yesterday, disappointing US consumer confidence data dampened optimism and sent traders scrambling for the safety of the greenback, pushing it to highs that were mostly maintained today in Asian trading despite a wave of risk appetite coming back into the market. Full text »
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