Investors Choose to Focus on the Weak Side of Macro Data, Crude Oil Remains Pressured Below 80

Risk appetite waned although US' manufacturing data showed some pleasant surprises. Moody's warning of credit downgrades in the US and the UK, together with fading hopes of a quick fix to Greece's deficit problem, hurt sentiment and spurred demand for safe-haven assets including gold and USD.

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Investors Choose to Focus on the Weak Side of Macro Data, Crude Oil Remains Pressured Below 80