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[QUOTE="HotForexsignal, post: 160592, member: 58463"] [B]Dollar Rises upon Stronger U.S. Economic Data [/B] The U.S. dollar rose upon Friday in Asia after data showed that the American economy registered hermetically sealed annual amassing. Gross domestic product increased at a 2.6% annual rate in the fourth quarter, the Commerce Department said in its encourage estimate upon Thursday, in pedigree past economists' forecasts. The Chicago PMI rose to a reading of 64.7 in this month from 56.7 last month, topping economists' estimates for a reading of 58.1. The relation came just daylight after Federal Reserve Chairman Jerome Powell delivered an upbeat assessment of the economy and said the central bank was looking at adjusting its runoff of the tab sheet policy far and wide and wide along this year. The U.S. dollar index last traded at 96.132 by 10:40 PM ET (02:40 GMT), uphill 0.1%. Concerns subsequent to again the fact that U.S. President Donald Trump walked away from his zenith behind North Korean leader Kim Jong-Un without conformity were in addition to said to be boosting the safe-waterfront dollar. Meanwhile, the USD/CNY pair gained 0.1% to 6.6970 after the Caixin/Markit Manufacturing Purchasing Managers' Index came in at 49.9 for February, as soon as the usual 48.5 and last month's 48.3. On the trade stomach, White House economic advisor Larry Kudlow said Sino-U.S. trade talks are making "wonderful" further footnote. Uncertainties surrounding the trade press on remains however as U.S. Trade Representative Robert Lighthizer said upon Thursday that it was too forward to predict consequences in talks along afterward Washington and Beijing. Elsewhere, the USD/JPY pair rose 0.3% to 111.66. The AUD/USD pair and the NZD/USD pair were both tradings near flat. [/QUOTE]
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