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  • North American Edition2014-09-15 09:40 UTC

    The AUD and other dollar bloc units posted fresh lows during the Asian session following below-forecast China production data, which came in at the weakest in nearly six years and which saw crude and copper prices retreat further, and stocks tumble. The China data came amid concerns that the Fed may ratchet up hawkish language at this week's FOMC. AUD-USD lost over 50 pips in clocking a new six-month low of 0.8983 in what is the sixth consecutive trading ... Read More 

  • European Edition2014-09-15 06:45 UTC

    The AUD and other dollar bloc fell once again, this time following below-forecast China production data, which came in at the weakest in nearly six years and which saw crude and copper prices retreat further. Coupled with concerns that the Fed may ratchet up hawkish language at this week's FOMC, the soft data out of China caused stock markets in Asia to wobble. The MSCI Asia Pacific ex-Japan was showing more than a 1% decline as of mid-PM session today ... Read More 

  • Asian Edition2014-09-15 18:32 UTC

    FX trade was relatively calm in N.Y. on Monday, though the dollar generally lost ground to the major currencies. EUR-USD found support ahead of 1.2900, though gains stalled out at 1.2950, as USD-JPY slipped toward 107.00 before finding support. The AUD and CAD perked up some as well. It appeared some pre FOMC position squaring was behind the softer USD tone today, though given the risk for a more hawkish sounding Fed statement, losses are liable to be ... Read More 

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