Currency Market Analysis

Global Themes

Greenback hits a speed bump as manufacturing tanksThe US dollar index – a key measure of USD strength – fell sharply from two-year highs overnight after a big drop in manufacturing activity sparked fears that the US-China trade war was starting to pressure the US economy.The US manufacturing PMI numbers saw a big drop from 53.0 to 50.9 over the month and defied expectations for a small increase.The numbers mirror poor results across the globe overnight with manufacturing PMI numbers in Germany and Japan also hitting markets.LowerThe USD dollar weakness saw the USDCNY fall from recent highs.The

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