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Markets Rally on Bullish Chinese Data

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G10 Advancers and Decliners vs USD
GBP0.34
EUR0.29
JPY0.18
CHF0.08
The US Dollar lost some ground this morning following some rather positive momentum during last night’s US trading session. The markets awoke to bullish manufacturing data from China this morning which showed PMI manufacturing increased to 53.8 versus an expected reading of 52.5. The data boosted risk sentiment and pulling markets higher; Asian indices and European equities gained (the DAX was...

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Friday, 01 October 2010 04:58