Daily Forex Report – USD higher, Chinese rate hike sparks risk aversion

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USD: Higher, China hikes reserve rates, stocks and commodities decline JPY: Lower, Nikkei closes higher before the China rate announcement EUR: Lower, doubt about the Greek rescue, EU growth slows GBP: Lower, downside limited by gains in cross to EUR CAD and AUD: AUD & CAD lower, pressured by spike in risk aversion, China rate hike OverviewUSD traded at [...]