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China manufacturing contracts, hit by US, eurozone woes
Manufacturing activity in China contracted for the third straight month in September, early data released on Thursday showed, as turbulence in the United States and Europe hurt demand for exports. Read More China manufacturing contracts, hit by US, eurozone woes Related PostHigher Yielding Currencies Dumped for Safe Havens, as Debt Woes Hit Eurozone and USManufacturing [...]
US Existing Home Sales Rise by More than Expected in August but Prices are Still Falling
Existing home sales in the US jumped 7.7% in August to a six-month high of 5.03 million annualized units following the unrevised 3.5% decrease to 4.67 million in July. The increase in resale activity in August beat market expectations of a 1.7% increase in the pace of sales to an Read More US Existing Home [...]
EUR Hurt By Italy Downgrade, Reports Of China Action On EU Banks
The issues surrounding the EU periphery remained the major drivers of sentiment/direction in the early part of the Asian session. First off, news that S&P was downgrading Italy’s credit rating one notch to ‘A’ with a negative outlook took the EURUSD down towards the 1.36 level from a 1.3688 NY Read More EUR Hurt By [...]