Euro Finds Support as Stock Selling Continues |
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Last week’s currency trading review The Dollar fell sharply against the majors as US economic data soured investor appetite for the safe haven. June CB Consumer Confidence fell to 52 vs. 62 previously and May ISM Manufacturing slipped to 56.2 vs. 59.7 previously. Also very weak, May Pending Home Sales -30% m/m. US Jobs data was little better with -125k losses vs. +433k previously. As stock market fell however, the Dollar was stronger then risk currencies which tracked the slumping Oil lower.
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