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US Dollar and equities struggle as key US and Chinese data misses
Markets are seeing risk aversion and an increasingly weaker dollar as traders assess the impact of weaker than expected US payrolls on Friday and surprisingly weaker Chinese economic data. Friday’s US jobs report was lukewarm at best, but with drab jobs growth, a touch disappointing wage growth and fewer hours worked, it nudges the debate on about whether the US economic recovery is running out of steam. The trade dispute also came into context as China’s trade data showed a stark slowdown of growth, with exports only growing by +5.4% (+10% expected) and imports just +3% (+14.5% exp). This shows that the ... (full story)