U.S. Dollar declines on improved China data

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Source: Marketwatch
The greenback depreciated on Wednesday as a preliminary index of Chinese manufacturing added signs of improvement in the world's second-biggest economy. The ICE Dollar Index slid marginally to 79.913 from 79.922 late Tuesday. The Euro rose to $1.2986 from $1.2983 in the preceding session, while the Sterling traded at $1.5941 from $1.5953. The Dollar was little changed versus the Japanese Yen at ¥79.83.
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Wed, 24 Oct 2012 07:43:43 GMT

French manufacturing PMI decline eases in October

French manufacturing sector declined at a lower rate in October, the flash survey by Markit Economics showed on Wednesday. The PMI advanced to 43.5, compared to 42.7 in September. Economists estimated a reading of 44. The factory output index rose to 41.6 from 39.4 in the previous month.Service sector activity also posted slower contraction in October, with corresponding index jumping

Wed, 24 Oct 2012 09:30:43 GMT

Wall Street opened in red on Tuesday

US stocks plunged during Tuesday's risk-off trading after Moody's downgraded credit rating on five Spain's regions. The market sentiment was also dampened by weak corporate results of the S&P 500 majors. Meanwhile, investors remained cautious ahead of the FOMC meeting and flesh PMI readings due later in the week. The S&P 500 Index tumbled 1.44% to close at 1,413.11. All

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