G20 Ahead, Focus on China Currency Reform |
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Last week’s currency trading review The Dollar lost ground across the board as global equities rallied for a 2nd week and risk appetite remained strong. Economic data was mixed with Housing starts dropping to 0.59m vs. 0.65mn previously and May Industrial Production increasing 1.2% vs. 0.7% previously. Gold was a big mover end at year highs just under $1260 an ounce as the precious metal continued its rally. The Euro led the markets higher rallying near every day as fear resided on European
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