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Forex News Video Recap – Manufacturing Data Highlights Start of Week
Written by article default Tuesday, 02 November 2010 12:47
Overnight, strong Chinese manufacturing data helped to lift risk sentiment, and the good results continued in the UK and in the US as both surprised to the upside. The USD pared some overnight losses as the ISM manufacturing PMI may point to an economy that is not as weak as feared and would give the Fed some scope in making their quantitative easing announcement smaller.