Friday, 21 August 2015

XE Market Analysis: North America - Aug 21, 2015

Risk-off remained the name of the game after the Caixin China manufacturing PMI index dove to a six-year low, offsetting more encouraging PMI data out of Japan and the Eurozone, though the release of the latter appeared to assuage market angst to a degree. China's Shanghai Composite closed with a 4.3% loss, while in the forex world, the yen and the euro were the main beneficiaries with the dollar, emerging market currencies and dollar-bloc units out of favour.



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