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News in 60 Seconds: Economy slowing in China breathes new life into the USD & JPY!

Rating: 1 votes, 5.00 average.
by , 06-29-2010 at 09:56 AM (1414 Views)
Biggest % gainers: GBP/AUD up 1.75%, EUR/NZD up 1.28%, USD/CAD up 1.27%, EUR/AUD up 1.19% as commodity currencies fall due to worries that China's economy is slowing down even further. DailyFX - US Dollar, Japanese Yen Rise as Stocks Drop on China Growth Fears

Biggest % losers: NZD/JPY down 2.60%, AUD/JPY down 2.50%, CAD/JPY down 1.92%, NZD/USD, AUD/USD, EUR/JPY, GBP/JPY on USD & JPY strength vs. commodity currency weakness.

EUR/CHF hits another "all time low"....

Gold $1,230 down $8.65
Oil $75.90 down $2.10

NASDAQ down 32 points so far today. It gapped down lower.

The ruble is heading for a period of exchange-rate volatility and the recent period of “rapid strengthening” is over, Bank Rossii First Deputy Chairman Alexei Ulyukayev said.

Consumer Confidence comes out at 10am EST today. 62.8 is the expected number.

Sean Hyman
DailyFX Forum Moderator

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