The dollar to weaken in the wake of China's data confirm that the slowdown of the second world economy with possible repercussions on the global economic cycle. The cross Eur / Usd back above 1.28 is placed below the resistance at 1.2850 which is the first Fibonacci level of bearish movement that led to the exchange rate from 1.40 in early May to a minimum of 1.25 to earlier this month. A similar trend for the cross Usd / Jpy that falls back to 106.50 after the technical rebound last week.
