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The Greenback Stabilizes After Pre-Weekend Drop
The US dollar is mostly firmer after selling off hard before the weekend in response to the jobs data. Ranges are mostly narrow, but the Australian and New Zealand dollars are the heaviest following news of China's deflation. Emerging market currencies are mixed, but of note the liquid, freely accessible currencies, South African rand, Hungarian forint, and Mexican peso are atop the leader board. Despite repeatedly lower US dollar fixes by the PBOC, the yuan continues to trade softly. Asia Pacific equities were mixed. Many of the large markets fell, including Japan, South Korea, Taiwan, Australia, and New Zealand. On ... (full story)
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