Forex – Aussie holds weaker as Caixin PMI falls to 78-month low

Forex – Aussie holds weaker as Caixin PMI falls to 78-month low – The Australian dollar held weaker after a key China manufacturing survey Wednesday pointed to weaker conditions than estimated
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EUR/JPY turns higher after three day losing streak

FXStreet (Mumbai) – The offered tone on the JPY gathered pace in early Europe, pushing the EUR/JPY pair higher to 133.85 levels. Focus on EZ PMIsThe investors await the Eurozone preliminary PMI numbers which could set the stage for Draghi to hint at further easing at his quarterly hearing in BrusselSee Original Article

USD/JPY pares losses, retakes 120

FXStreet (Mumbai) – The Japanese yen seems to be losing ground versus the US dollar in the early moves, now lifting USD/JPY back near 120 handle, as markets gear up for the European open with the key event – Draghi’s testimony closely eyed.Yen retreats from 119.64 highsCurrently, the USD/JPY paiSee Original Article

EURUSD: Global slowdown concerns dent European consumer confidence – ING

FXStreet(Delhi) – Bert Colijn, Research Analyst at ING, notes that the concerns about a global slowdown are reaching the European consumer, as consumer confidence in the Eurozone declined moderately to -7.1 in September. Key Quotes“The trend in the past months has been one of stagnation after a See Original Article