Intraday Market Thoughts
ISM punished by USD, CNY weakens further
Feb 2, 2015 17:41
Broadening decline across all components of the January manufacturing ISM survey highlights the early signs of punishment from the rising USD on US factories, orders, jobs and prices. Aside from the prices paid index resuming its downward spiral to reach fresh six-year lows, the exports orders component fell into contraction zone (below 50) for the first time since November 2012. Meanwhile in China, this happened
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