Global macro overview for 14/09/2015:
Even another set of disappointing figures from China’s economy released on Sunday was not able to stir the forex market as market participants awaited the Fed’s interest rate decision (Wednesday-Thursday) and press conference. Industrial production and fixed asset investment in China missed forecasts in August, raising the risk that economic growth may slow down to below 7 percent in the third quarter for the first time since 2008.
The US Dollar Index is likely to trade in a tight congestion zone, but still below the daily moving averages of 100,50 and 21. The support is found at the levels of 92.59 – 93.07 and resistance is seen at the level of 98.32.
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