XE Market Analysis: US Dollar Begins New Year on the Defensive

OVERVIEW GBP rising despite slower manufacturing growth. The Euro climbs towards 2.5-year highs, record high manufacturing activity.  Chinese manufacturing growth unexpectedly picked up to a four-month high in December. Singapore growth cools, but currency rises on monetary policy bets.  European shares fall as US shares continue to rally regardless. HIGHLIGHT

Source: XE news feed
XE Market Analysis: US Dollar Begins New Year on the Defensive