Epic Research Singapore : Forex Market Update

The British pound GBPUSD -0.07%  was at $1.6400 versus $1.6407 late Friday. The pound swung between an intraday low of $1.6336 and a high of $1.6433.

U.S. stocks fell on Monday. Overnight price action suggested investors were pulling back from riskier assets following a drop in the HSBC China services purchasing managers’ index for December, which hit its lowest level since August 2011, RBC Capital Markets senior currency strategist Sue Trinh said in a note to clients Monday.  

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