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USDCNH Heads for 7.3 per Dollar to Support the Economy

The official services and manufacturing PMIs were much weaker than expected, adding to the move into defensive assets on concerns over China’s economy. The Manufacturing PMI fell from 49.2 to 48.8 instead of the expected 49.5. Readings below 50 indicate a contraction in activity during the month. Excluding periods of contraction due to lockdowns, this […] The post USDCNH Heads for 7.3 per Dollar to Support the Economy appeared first on Action Forex... Read More

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Posted: May 31 2023, 10:02

Author Name: actionforex

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