Global Growth Concerns Linger

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.26 EUR 0.25 GBP 0.23 JPY -0.30 The USD continued to strengthen in the Asian session on the back of Chinese and European growth concerns. However, larger than expected initial jobless claim reports did slow the greenbacks appreciation. Asia’s regional indices were weaker across the board with Nikkei down -1.14%, the Hang Sang -1.38% and the Shanghai Composite falling by -1.30%. US treasuries rallied while gold fell after… Read More …