Drama in the commodity market affects currencies

Review China: GDP growth was a severe disappointment. Growth in China came out at 7.7% against the estimate of 8.0%. This was a great disappointment as recent PMI data from China have shown an increasing trend. The US: US consumer fell steeply. Consumer confidence fell to 72.3 against the estimate of 78.6. The level at 72.3 is the lowest since July last year. Are consumers at long last beginning to react to tax hikes, savings measures, etc.? The commodity market: Friday saw a severe decline.

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Drama in the commodity market affects currencies