New York Session |
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The buck was bid against the majors in the NY session as a near $3 decline in oil prices coupled with an initially better tone to US stocks helped give the greenback a boost. Economic data out of the US was uninspiring and elicited little market reaction. The market brushed off the better than expected June Chicago PMI report which beat expectations by rising to 49.6 from 49.1 prior. In contrast to the headline, the internals of the report were weak with new orders and
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