Epic Research Singapore : Forex Market Update

Ahead of the European PMI readings, the euro EURUSD -0.04%  was fractionally weaker at $1.3751 from $1.3758 late Tuesday, while the British pound GBPUSD +0.07%  firmed to $1.6590 from $1.6560.

China’s twin PMI reports — one from the government, released Wednesday, and a separately compiled edition from HSBC, out earlier Thursday — showed slowing manufacturing growth in the world’s No. 2 economy, helping to weigh on the Australian dollar AUDUSD +0.15%  , as China is a crucial market for Australian exports.  

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