Commodities are actively strengthened against the US dollar

Commodity currencies continue to actively strengthen their positions against the US dollar, ignoring the falling prices of oil, as well as the weak fundamental data on the Chinese economy. According to Caixin Media Co. and Markit, activity in China’s services in July 2016, though growing, but at a slower pace. Thus, the purchasing managers index for China’s sphere of services fell to 51.7 points from 52.7 points in June. As noted in the report, the growth of new orders in the service sector companies has slowed, while employment continued to…

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