Forex | Forex | Better Chicago PMI Report Stabilizes Currencies (31/08/2009 19:41:06)

Better Chicago PMI Report Stabilizes Currencies

Foreign currency futures opened lower following a decline in China’s Shanghai Index that triggered a flight to safety rally. Traders were looking for less risk this morning while seeking the shelter of lower yielding assets. Conditions shifted, however, following the release of a better than expected Chicago PMI report. This report showed an improvement in the manufacturing sector of the economy. The September Euro and September British Pound erased all of their earlier losses while the


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